Privatization in Emerging Markets

Joshua Joshua ()
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Joshua Joshua: Dartmouth College and the NBER, Postal: 6106 Rockefeller Hall, Economics Department, Dartmouth College,, Hanover, NH 03755, U.S.A.

Journal of Economic Integration, 2000, vol. 15, 145-161

Abstract:

This paper shows two examples where privatization may lead to large effi - ciency gains by changing the menu of taxes. First, social security privatization increases the equity position of the middle class, inducing the median voter to internalize a higher fraction of the costs of high taxes on capital, thereby reduc - ing the capital tax rate. Second, reducing the public sector involvement in import competing activities is shown to lower the public sector’s benefits from protection, reducing thereby the equilibrium tariff rate. These indirect effects of privatization described in the paper are external to the privatized activity.

Keywords: Imperfect capital mobility; Social security privatization; Import competition; Public enterprises (search for similar items in EconPapers)
JEL-codes: F13 H21 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0128

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