1 option
Trends in private investment in developing countries : Statistics for 1970-95 / Bouton, Lawrence
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Author/Creator:
- Bouton, Lawrence.
- Series:
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Bankruptcy and Resolution of Financial Distress.
- Debt Markets.
- Emerging Markets.
- Finance and Financial Sector Development.
- Investment and Investment Climate.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Local Subjects:
- Access to Finance.
- Bankruptcy and Resolution of Financial Distress.
- Debt Markets.
- Emerging Markets.
- Finance and Financial Sector Development.
- Investment and Investment Climate.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Physical Description:
- 1 online resource (52 pages)
- Place of Publication:
- Washington, D.C. : The World Bank, 1996
- Language Note:
- English
- System Details:
- data file
- Summary:
- This short paper, in its eighth edition, provides private and public investment data through 1995. Although the growing empirical literature on privatization has almost invariably found that the transfer of assets from public to private hands yields both efficiency and welfare gains, there has been a surprising lack of research on the macroeconomic consequences of privatization. This report addresses that issue briefly, exploring the impact of privatization on private fixed investment. As a starting point, the dimensions of the privatization revolution are summarized with special emphasis on the contribution made by foreign investors. Data on investment commitments stemming from privatization are also presented. The final section offers some econometric insights into the importance of privatization as a determinant of private investment in developing countries. The report concludes that privatization of state-owned enterprises is likely to have a multiplier effect on private investment and is, therefore, an important ingredient of governments' efforts to improve the business climate and to step up the pace of economic development. Appendix 1 discusses the methods and sources used; Appendix 2 presents tables with investment figures in terms of five ratios; Appendix 3 graphs the data by region; and Appendix 4 discusses the econometric results.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 1-280-00877-6
- 9786610008773
- 0-585-25151-7
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.