The Uk's Privatisation Experiment: The Passage of Time Permits a Sober Assessment
By David W. Parker. Social Science Research Network, 2004
131 citations recorded by the source corpus.
This chapter looks at the UK’s privatisation experiment, which began from the late 1970s. It considers the background to the UK’s privatisations, which industries were privatised and how, and summarises the results of studies of performance changes in privatised companies in the UK. It looks at the relative roles of competition, regulation and ownership changes in determining performance improvement. It concludes by looking at the wider lessons that might be learned from the UK’s privatisation experiment, including the importance of developing competitive markets and, in their absence, effective regulatory regimes.
Subfields: Finance, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/9b61805c9f717867577f8976c745380a055b5bae
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Citations in the corpus
- Privatising Network Industries (2004, unknown): “Such price-cap regulation has proven effective in driving down costs and improving productivity, at least (as with other utilities) after the first post-privatisation periodic review (Saal and Parker, 2003).”
- Privatizing public enterprises in the European Union 1960–2002: ideological, pragmatic, inevitable? (2006, unknown): “Parker (2003), in retrospect, confirmed the importance of competition and regulation for post-privatization UK.”
- Infrastructure and Development: A Critical Appraisal of the Macro-level Literature (2008, background): “Similar conclusions arise from a review of the UK’s privatisation experience, as discussed in Parker (2004) and Newbery (2004).”