Economics of State-Owned Enterprises

Talis Putnins

Published Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney

Abstract: State-owned enterprises (SOEs) account for a substantial proportion of gross domestic product, employment, and assets in many countries. Based on a review of the theory and empirical evidence, we develop a novel five-step framework that can guide policymakers and economic advisors in making decisions about maintaining and/or creating SOEs. The framework suggests that the use of SOEs should be limited to circumstances in which a market failure exists, less invasive forms of intervention such as regulation/taxes/subsidies and private-sector contracting are ineffective or not possible, and the welfare loss of the market failure exceeds the costs, distortions, and inefficiencies of SOEs.

Keywords: efficiency; government; market failure; social welfare; state-owned enterprise (search for similar items in EconPapers)
Pages: 18 pages
Date: 2015-01-01
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Published as: Putnins, T. J., 2015, "Economics of state-owned enterprises", International Journal of Public Administration, 38(11), 814-832.

Downloads: (external link)
https://www.tandfonline.com/doi/abs/10.1080/01900692.2014.982289 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uts:ppaper:2015-3

Access Statistics for this paper

More papers in Published Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney PO Box 123, Broadway, NSW 2007, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Duncan Ford ().