The Benefits of Privatization : Evidence from Mexico

La Porta, Rafael ; Ló ; pez-de-Silanes, Florencio

World Bank, Washington, DC

关键词: ACCOUNTING;    ASSETS;    AVERAGE COSTS;    BENCHMARK;    BENCHMARKS;   

RP-ID  :  16874

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Critics of privatization often arguethat its benefits come at a high cost to society. Theauthors test the validity of this criticism forMexico's privatization program, one of the world'slargest case-by-case programs. Assessing the performance ofnewly privatized firms in such areas as profitability andefficiency, they find that these firms quickly close the gapwith their peers in the private sector. Their findingssuggest that the firms' profit gains come fromproductivity gains (52 percent), layoffs (33 percent), andhigher prices (15 percent).