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Why Do Governments Divest?

The Macroeconomics of Privatization

  • Book
  • © 2001

Overview

Authors:
  1. Alfred Schipke

    1. John F. Kennedy School of Government, Harvard University, Cambridge, USA

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  • In-depth analysis of privatization and the short-term political reasons often lying behind it

  • With several case studies of privatization and its effects

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-viii
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  2. Introduction

    • Alfred Schipke
    Pages 1-7

  3. Economic Growth and Efficiency

    • Alfred Schipke
    Pages 9-27

  4. The Politics of Privatization

    • Alfred Schipke
    Pages 29-36

  5. Fiscal Considerations of Privatization

    • Alfred Schipke
    Pages 37-55

  6. Macroeconomic Considerations of Privatization

    • Alfred Schipke
    Pages 57-83

  7. Modeling the Effects of Privatization

    • Alfred Schipke
    Pages 85-107

  8. Coming Full Circle: The Case of Jamaica

    • Alfred Schipke
    Pages 109-125

  9. Summary and Conclusion

    • Alfred Schipke
    Pages 127-130

  10. Back Matter

    Pages 131-141
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Keywords

About this book

On an unprecedented scale, nations at all income levels and across the political spectrum have initiated privatization programs over the past twenty years. In the course of this privatization movement, microeconomic efficiency arguments have become the standard justification for the divestment of public assets. This book presents an alternate view and 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.

Reviews

From the reviews of the first edition:

"The policy of privatization – selling state-owned firms to the private sector - has grown from its relatively modest roots in Mrs. Thatcher’s Britain during the 1980s to be a world-scale phenomenon. … This is the theme of Schipke’s short, tightly focused and very useful book. … In fact, Schipke has carved out an interesting and under-researched niche – the macroeconomics of privatization. … The book is well written and … well edited and produced." (Journal of Economics, Vol. 77 (3), 2002)

Authors and Affiliations

  • John F. Kennedy School of Government, Harvard University, Cambridge, USA

    Alfred Schipke

Bibliographic Information

  • Book Title: Why Do Governments Divest?

  • Book Subtitle: The Macroeconomics of Privatization

  • Authors: Alfred Schipke

  • DOI: https://doi.org/10.1007/978-3-642-56682-0

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2001

  • Hardcover ISBN: 978-3-540-41579-4Published: 13 March 2001

  • Softcover ISBN: 978-3-642-62573-2Published: 04 October 2012

  • eBook ISBN: 978-3-642-56682-0Published: 28 June 2011

  • Edition Number: 1

  • Number of Pages: VIII, 141

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy

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