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The Challenges of Privatization – An International Analysis - Oxford Scholarship Online
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The Challenges of Privatization: An International Analysis

Bernardo Bortolotti and Domenico Siniscalco


This book provides a systematic account of the privatization process at the global scale, presenting an overarching description of the phenomenon, and panel data empirical analyses testing some of the predictions of the recent economic theory of privatization. At the macroeconomic level, privatization processes of the 1980s and 1990s are shown to be a cyclical phenomenon shaped by economic, political, and institutional determinants. At the microeconomic level, privatization has been partial and incomplete, with only minority rights transferred to the private sector. However, genuine privatizat ... More

Keywords: corporate governance, financial market development, golden shares, political economy, privatization, public finance, regulation, state-owned enterprise (SOE), ultimate ownership and control

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780199249343
Published to Oxford Scholarship Online: April 2004 DOI:10.1093/0199249342.001.0001


Affiliations are at time of print publication.

Bernardo Bortolotti, author
Assistant Professor of Economics, University of Turin
Author Webpage

Domenico Siniscalco, author
Director General of the Treasury, Italian Ministry of Economics and Finance, and Professor of Economics, University of Turin