Privatisation Objectives: Theory and Evidence

Dónal Palcic and Eoin Reeves

Chapter 2 in Privatisation in Ireland, 2011, pp 28-51 from Palgrave Macmillan

Abstract: Abstract The 1970s heralded the breakdown of the post-war Keynesian consensus. The problems of high inflation and unemployment (stagflation) as well as low economic growth and poor productivity led to disenchantment with the role of government in modern economies. At a macro-level, governments around the world turned to policies such as monetarism, whereas at a micro-level, market-based solutions to the problems of market failure came into vogue. The latter included a host of new arrangements that altered the boundaries between the public and private sectors, including deregulation, liberalisation, contracting out, the creation of quasi-markets, and different forms of privatisation.

Keywords: Data Envelopment Analysis; Public Choice; Total Factor Productivity; Privatisation Policy; Public Enterprise (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29757-9_3

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DOI: 10.1057/9780230297579_3

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