| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16126 |
| 来源ID | Working Paper 16126 |
| Privatization and Nationalization Cycles | |
| Roberto Chang; Constantino Hevia; Norman Loayza | |
| 发表日期 | 2010-06-24 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present illustrative case studies. Our main contribution is then to develop a static and dynamic model of the choice between private and national regimes for the ownership of natural resources. In the model, this choice is driven by a basic equality-efficiency tradeoff: national ownership results in more redistribution of income and more equality, but undermines incentives for effort. The resolution of the tradeoff depends on external and domestic conditions that affect the value of social welfare under each regime. This allows us to characterize how external variables -- such as the commodity price -- and domestic ones -- such as the tax system -- affect the choice of private vs. national regimes. The analysis therefore identifies the determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena. |
| 主题 | International Economics ; International Macroeconomics ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w16126 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573800 |
| 推荐引用方式 GB/T 7714 | Roberto Chang,Constantino Hevia,Norman Loayza. Privatization and Nationalization Cycles. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16126.pdf（1870KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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