 IntroductionMotasam Tatahi Chapter 1 in Privatisation Performance in Major European Countries Since 1980, 2006, pp 1-9 from Palgrave Macmillan Abstract: Abstract Privatisation as an extensive programme emerged in western European countries at the beginning of the 1980s, as governments seeking cost reductions turned to the private sector to provide services that would ordinarily have been provided by governments. This withdrawal of state involvement in industry, which came to be known as ‘privatisation’, takes place through a number of policy initiatives. The most common is a change from public to private in the ownership of an enterprise (or part of an enterprise). Alternatively, public enterprise may remain in existence while privatisation takes place without transfer of ownership of assets. Falling into this category are liberalisation involving deregulation of controls on entry, price, output and profit, as well as the adoption of a commercial approach, whereby the provision of a good or service moves from the public to the private sector, but with ultimate responsibility for providing the service remaining with the government, frequently referred to as ‘contracting-out’. Keywords: Private Sector; Public Sector; Total Factor Productivity; Corporate Performance; Public Enterprise (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62495-5_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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