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The Impact of Privatization on the Performance of the Infrastructure Sector : The Case of Electricity Distribution in Latin American Countries

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dc.contributor.author Andres, Luis
dc.contributor.author Guasch, José Luis
dc.contributor.author Foster, Vivien
dc.date.accessioned 2012-06-19T17:12:20Z
dc.date.available 2012-06-19T17:12:20Z
dc.date.issued 2006-06
dc.identifier.uri http://hdl.handle.net/10986/8437
dc.description.abstract The authors analyze the impact of privatization on the performance of 116 electric utilities in 10 Latin American countries. The analysis makes a number of contributions to the literature on changes in infrastructure ownership. First, this is the first systemic analysis of the impact of privatization on the distribution of the electricity sector. Second, it constructs an unbalanced panel data set of key indicators for each country. Third, it includes a broader-than in past studies-range of indicators, such as output, employment, productivity, efficiency, quality, coverage, and prices, offering a fuller picture of the effects of privatization on consumers. Fourth, this research covers a longer period of time, and evaluates three stages-before, transition, and after-allowing for the identification of the short- and long-run effects of privatization, as opposed to previous analyses' short time series data that do not identify long-run outcomes. Finally, the counterfactual is considered through the analysis in trends. The authors apply two different methodologies. The first methodology uses means and medians from each period and tests the significance of the changes between periods. The second methodology consists of an econometric model that captures firm fixed effects, firm-specific time trends, and heteroscedasticity corrections. When needed, the authors used firm-specific time trends to better understand the outcomes. The results suggest that changes in ownership generate significant improvements in labor productivity, efficiency, and product and service quality, and that most of those changes occur in the transition period. Improvements in the post transition period-beyond two years after the change in ownership-are much more modest. en
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 3936
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject PRESENT ANALYSIS
dc.subject LATIN AMERICAN
dc.subject ELECTRICITY DISTRIBUTION
dc.subject WORKERS
dc.subject RESEARCH WORKING PAPERS
dc.subject PREVIOUS STUDIES
dc.subject PUBLIC ENTERPRISES
dc.subject CONSUMERS
dc.subject LONG-RUN EFFECTS
dc.subject PRIVATE SECTOR
dc.subject PRODUCTIVITY
dc.subject METHODOLOGY
dc.subject PRIVATE SECTOR PARTICIPATION
dc.subject GROWTH RATE
dc.subject OWNERSHIP CHANGE
dc.subject PRODUCTIVITY GROWTH
dc.subject PRODUCTIVITY GAINS
dc.subject STATE-OWNED ENTERPRISES
dc.subject LABOR PRODUCTIVITY
dc.subject PRIVATE COMPANIES
dc.subject DISTRIBUTION OF ELECTRICITY
dc.subject LABOR FORCE
dc.subject EMPLOYEE
dc.subject FUEL
dc.subject RESEARCHERS
dc.subject ELECTRIC UTILITIES
dc.subject METHODOLOGIES
dc.subject PUBLIC OWNERSHIP
dc.subject TELECOMMUNICATIONS
dc.subject EMPLOYMENT
dc.subject PUBLIC
dc.subject QUALITY · ENERGY
dc.subject PRIVATE FIRMS
dc.subject DEVALUATION
dc.subject PRIVATE COMPANY
dc.subject TRANSITION ECONOMIES
dc.subject VARIABLE COSTS
dc.subject ELECTRICITY
dc.subject LABOR INFORMATION
dc.subject APPROACH
dc.subject ECONOMETRIC ANALYSIS
dc.title The Impact of Privatization on the Performance of the Infrastructure Sector : The Case of Electricity Distribution in Latin American Countries en
dc.rights.holder World Bank


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