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- W2065699013 abstract "Based in part on a new data set, this article finds that, despite an increase in privatization, state-owned enterprises (SOEs) shares in GDP and employment had not declined in developing countries, and SOE deficits and inefficiencies were a drag on growth. In a sample of 12 reforming countries, those which improved SOE performance the most followed a comprehensive strategy of divestiture, competition, hard budgets, financial sector reform and changes in the institutional relationship between SOEs and governments. These successful reformers met three necessary political conditions: reform was politically desirable, politically feasible and credible. The article presents a decision tree suggesting how to meet the three political conditions and privatize and reform SOEs. © 1997 John Wiley & Sons, Ltd." @default.
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- W2065699013 date "1997-09-01" @default.
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- W2065699013 title "POLICY ARENA: The Economics and Politics of Government Ownership" @default.
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- W2065699013 doi "https://doi.org/10.1002/(sici)1099-1328(199709)9:6<849::aid-jid488>3.0.co;2-l" @default.
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