Public vs Private Ownership: The Economic Rationale for Privatization in Developing Countries

Osama J. A. R. Abu Shair
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Osama J. A. R. Abu Shair: University of Salford

Chapter 3 in Privatization and Development, 1997, pp 35-64 from Palgrave Macmillan

Abstract: Abstract In the preceding chapter it was asserted that the role of the state in development has expanded, partially, through the intellectual dominance of the ‘developmentalism’ ideology. Another reason for the expansion of the state, and its enterprises, can be explained through the theory of public economics; the theoretical justification for the allocative role of the state is given in Section 3.2.

Keywords: Public Sector; Total Factor Productivity; Market Failure; Agency Cost; Private Ownership (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25374-6_3

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DOI: 10.1007/978-1-349-25374-6_3

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