Title: Why do governments divest? : the macroeconomics of privatization /
Authors: Schipke, Alfred, 1959-
Publisher: Springer,
Year: 2001
Subjects: Privatization.; Privatization Case studies.; Privatization Political aspects.; Corporations Taxation; Social security Finance; Capitalism; Post-communism; Economic policy; Fiscal policy; Macroeconomics.
Abstract: "This book argues that short-term macroeconomic considerations are often the true motive behind privatization programs. Why Do Government Divest? The Macroeconomics of Privatization is a comprehensive treatment of the macroeconomic issues of privatization. In addition to reviewing topics in economic growth and efficiency, this book explores the fiscal, monetary, balance-of-payments, and employment aspects of privatization. Several diverse case studies illustrate how the pursuit of such short-term political objectives can reduce the benefits of privatization."--Jacket.
Contents: Introduction -- Economic growth and efficiency -- The politics of privatization -- Fiscal considerations of privatization -- Macroeconomic considerations of privatization -- Modeling the effects of privatization -- Coming full circle : the case of Jamaica -- Summary and conclusion.