| Titre | La privatisation dans les pays en développement : déterminants et conséquences macro-économiques | |
|---|---|---|
| Auteur | Patrick Plane | |
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Revue | Economie et prévision |
| Numéro | no 125, 1996/4 | |
| Page | 19-36 | |
| Résumé anglais |
Privatisation in the Developing Countries: Determining Factors and Macroeconomic Consequences
Patrick Plane
Determining factors behind privatisation are studied for the 1988-1992 period. The estimation of Probit and Tobit models on a sample of 35 developing countries suggests the statistically significant impact of four variables considered in 1988. These variables are the actual real exchange rate and three other variables expressed as a percentage of GDP: the market capitalisation ratio, the rate of indebtedness and direct investment. The introduction of privatisation probabilities or estimated values into the respective economic growth and investment explanatory models provides an interesting result. In this case, after checking for the effect of changes internal or external to the environment of the economies being studied, we do not reject the assumption that the government's withdrawal is behind an improvement in the economic situation. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1996_num_125_4_5804 |
