EconPapers    
Economics at your fingertips  
 

The missing shock: the macroeconomic impact of British Privatizations

Emanuele Bacchiocchi, Massimo Florio and Mara Grasseni

Applied Economics, 2005, vol. 37, issue 14, 1585-1596

Abstract: In this paper the impact of privatization on macroeconomic performance in the United Kingdom is tested using quarterly data from 1979 to 1999. Privatization proceeds have been included in a simple analytical framework dealing with both demand and supply-side of the economy. Multivariate cointegration techniques have been used in order to consider the nonstationarity of the time series involved. The empirical results show that privatizations have no long-run effects on output in the UK. This result is consistent with microeconomic evidence that shows that in the UK ownership change per se had little impact on long term productivity trends. Moreover it is found that privatization proceeds have contributed to sustaining public expenditures.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840500215170 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Missing Shock: The Macroeconomic Impact of British Privatisation (2004) Downloads
Working Paper: The missing shock: the macroeconomic impact of British privatisation (2003) Downloads
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:taf:applec:v:37:y:2005:i:14:p:1585-1596

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036840500215170

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-04-07
Handle: RePEc:taf:applec:v:37:y:2005:i:14:p:1585-1596