Show simple item record

dc.contributor.authorPalcic, Donal
dc.contributor.authorReeves, Eoin
dc.date.accessioned2007-05-08T14:59:05Z
dc.date.available2007-05-08T14:59:05Z
dc.date.issued2005
dc.identifier.citationPalcic, Donal and Reeves, Eoin. 'An economic analysis of privatisation in Ireland, 1991-2003'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXXIV, 2004/2005, pp1-27en
dc.identifier.issn00814776
dc.identifier.otherJEL L33
dc.identifier.otherJEL H82
dc.identifier.otherJEL L97
dc.identifier.otherY
dc.identifier.urihttp://hdl.handle.net/2262/8758
dc.descriptionRead before the Society, 14 October 2004en
dc.description.abstractAlthough a late starter with regard to privatising State Owned Enterprises (SOEs), Ireland was recently ranked 8th among OECD countries in terms of relative privatisation activity. This paper presents the first detailed analysis of the programme since the first divestiture in 1991. It explores how the rationale for selling SOEs has evolved and argues that privatisation has been pursued on the basis of multiple (sometimes conflicting) objectives. One goal that has been common to all divestitures has been that of improving company performance. Although we find evidence that SOEs achieve `static? efficiency gains in the pre-privatisation period, the available evidence fails to support the hypothesis that privatisation brings about sustained improvements in enterprise performance. Privatisation has also been pursued in order to raise exchequer revenues and achieve certain distributional goals. Although the levels of share discounts and expenses have been low by international standards the government has foregone significant revenues by granting sizeable share ownerships to workers. Consequently workers along with institutional investors rank among the `winners? from privatisation whereas small shareholders (in the case of Eircom) and the exchequer have incurred significant losses. Importantly, there is little to suggest that privatisation per se has yielded significant gains to the consumer. This raises questions about the sequencing of measures of privatisation and liberalisation.en
dc.format.extent613276 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherStatistical and Social Inquiry Society of Irelanden
dc.relation.ispartofseriesJournal of The Statistical and Social Inquiry Society of Irelanden
dc.relation.ispartofseriesVol. XXXIV 2004/2005en
dc.relation.haspartVol. [No.], [Year]en
dc.source.urihttp://www.ssisi.ie
dc.subjectPublic enterpriseen
dc.subjectIrelanden
dc.subjectPrivatisationen
dc.subject.ddc314.15
dc.titleAn economic analysis of privatisation in Ireland, 1991-2003en
dc.typeJournal articleen
dc.status.refereedYes


Files in this item

Thumbnail
Thumbnail

This item appears in the following Collection(s)

Show simple item record