The Socioeconomic Consequences of Privatization: An Empirical Analysis for Europe
Beatriz Cuadrado-Ballesteros () and
Noemí Peña-Miguel ()
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Beatriz Cuadrado-Ballesteros: University of Salamanca
Noemí Peña-Miguel: University of the Basque Country (UPV/EHU)
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2018, vol. 139, issue 1, 163-183
Abstract This study analyzes the impact of privatization on economic growth, productivity, income inequality and unemployment in 22 European countries between 2004 and 2013. The empirical findings suggest that privatization has a positive contemporaneous impact on economic growth, but the effects on labor productivity, income distribution, and unemployment appear two years after the privatization reforms. More concretely, privatization reforms may be implemented with increases in productivity and decreases in unemployment, but to the detriment of income equality.
Keywords: Privatization; Income inequality; Unemployment; Economic growth; Labor productivity (search for similar items in EconPapers)
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