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- W2086749085 abstract "This paper makes a partial assessment of the Brazilian privatization program in the 1990s. The article focuses mainly on the fiscal impact of asset sales, which, we argue, has been relatively small. We conclude that the failure of the governments attemps has reduced the fiscal benefits of privatization, and inhibited the goverment's capacity to impose limits on buyers who have increased their market power through the acquisition of state-owned enterprises. In practice, the main objective of the privatization program has been to highlight the commitment to market-orieted reforms — in a certain sense, privatization has created its own logic, beyond its original objectives." @default.
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- W2086749085 date "1994-05-01" @default.
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- W2086749085 title "Brazilian privatization in the 1990s" @default.
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- W2086749085 doi "https://doi.org/10.1016/0305-750x(94)90047-7" @default.
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