His conclusion may be surprising to some; his findings suggest that the changeover to private ownership per se had little effect on long-term trends in prices and productivity in Britain and contributed to regressive redistribution.
- Citas duplicadas!
- Massimo Florio – Professor of Public Economics?
- Bird Tracks & Sign : A Guide to North American Species?
After historical and theoretical overviews of privatization and a look at macroeconomic trends in the Thatcher-Major era, Florio considers in detail the microeconomic effects of British privatization on several key groups. In successive chapters, he examines firms and productivity changes; shareholders' windfall gains and evidence of underpricing and outperformance in privatized companies; workers, management, and changes in industrial relations; consumers and the quantity and quality of goods after the change to public ownership; and taxpayers and the interplay between privatization and tax reform.
The final chapter considers the overall quantitative impact of the Thatcher-Major privatization on all sectors and its relationship with regulation and liberalization.
The Great Divestiture
The Great Divestiture not only offers an exhaustive analysis of the effects of the British process of privatization but also illustrates a method of inquiry and a testable research approach that could prove to be useful in similar studies of other countries. Myles A view has developed that the privatization process formed a watershed in U. This book gathers an impressive range of evidence to test the economic reality behind this perspective. The stripping bare of the political rhetoric with clinical economic analysis makes for fascinating reading, and the book's conclusions have much to contribute to ongoing policy debates.
Very highly recommended. In the current climate, when the World Bank is totally committed to privatization and the European Union to liberalization of markets, a critical, in-depth evaluation of the British privatization program is long overdue. Florio's book is impressive in its analytical foundations and empirical content.
Some major features of British privatizations are brought out clearly: the underpricing of assets, the huge decline in the public net worth, the large rise in management salaries in a context of very little management turnover. An important message is that privatization as opposed to deregulation made little difference to long-term trends in productivity and prices.
These are controversial findings that will be of great interest to all students of privatization. A view has developed that the privatization process formed a watershed in U. Massimo Florio has produced the most thorough quantitative analysis to date of how British privatizations affected investors, consumers, employees and government finances.
Privatisations as price reforms: evaluating consumers' welfare changes in the UK
His results are persuasive and in many ways surprising. Anyone with an interest in past or future privatizations should take notice.
See All Customer Reviews. Shop Books. Add to Wishlist. USD Sign in to Purchase Instantly.
Usually ships within 6 days. Overview The privatization carried out under the Thatcher and Major governments in Britain has been widely although not universally considered a success, and has greatly influenced the privatization of state industries in the transition economies of Eastern Europe.
Citace za rok
Show More. Average Review.
- Massimo Florio.
- Counterfeit Road (DI Ben Raveneau, Book 2).
- Privatisations as price reforms: evaluating consumers' welfare changes in the UK.
- Real-Resumes for Firefighting Jobs: Including real resumes used to change careeres and gain Federal Employment (Real-Resumes Series)?
- Brauer algebras and the Brauer group!
- Massimo Florio.
- Word 2010 Simplified (... Simplified).
Write a Review. Related Searches. African Arts. African Arts presents original research and critical discourse on traditional, contemporary, and popular African arts African Arts presents original research and critical discourse on traditional, contemporary, and popular African arts and expressive cultures. Since , the journal has reflected the dynamism and diversity of several fields of humanistic study, publishing richly illustrated articles in full Annals of Public and Cooperative Economics 82 4 , , Review of International Political Economy 9 2 , , Journal of Economic Policy Reform 17 3 , , Technological Forecasting and Social Change , , Ayuda Privacidad Condiciones.
Free second level domains by entrancanleyfor.tk
La valutazione degli investimenti pubblici. I progetti di sviluppo nell'Unione Europea e nell'esperienza internazionale. The future of public enterprises: contributions to a new discourse M Florio, F Fecher Annals of Public and Cooperative Economics 82 4 , , Applied welfare economics: Cost-benefit analysis of projects and policies M Florio Routledge , Cost—benefit analysis and the European union cohesion fund: On the social cost of capital and labour M Florio Regional Studies 40 02 , ,
Related The Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997
Copyright 2019 - All Right Reserved