000			02892cam a22004335i 4500
001			595
003			US-djbf
006			m d
007			cr cn|||||||||
008			020129s1996 dcu o i001 0 eng
020			_a0821338749 _c14.99 USD
020			_z9780821338742
024	8		_a10.1596/0-8213-3874-9
035			_a(The World Bank)595
040			_aDJBF _beng _cDJBF _erda
100	1		_aBouton, Lawrence. _95376
245	1	0	_aTrends in private investment in developing countries : _bStatistics for 1970-95 / _cBouton, Lawrence
264		1	_aWashington, D.C. : _bThe World Bank, _c1996
300			_a1 online resource (52 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
520	3		_aThis short paper, in its eighth edition, provides private and public investment data through 1995. Although the growing empirical literature on privatization has almost invariably found that the transfer of assets from public to private hands yields both efficiency and welfare gains, there has been a surprising lack of research on the macroeconomic consequences of privatization. This report addresses that issue briefly, exploring the impact of privatization on private fixed investment. As a starting point, the dimensions of the privatization revolution are summarized with special emphasis on the contribution made by foreign investors. Data on investment commitments stemming from privatization are also presented. The final section offers some econometric insights into the importance of privatization as a determinant of private investment in developing countries. The report concludes that privatization of state-owned enterprises is likely to have a multiplier effect on private investment and is, therefore, an important ingredient of governments' efforts to improve the business climate and to step up the pace of economic development. Appendix 1 discusses the methods and sources used; Appendix 2 presents tables with investment figures in terms of five ratios; Appendix 3 graphs the data by region; and Appendix 4 discusses the econometric results.
588			_aDescription based on print version record.
650		4	_aAccess to Finance _95377
650		4	_aBankruptcy and Resolution of Financial Distress _95378
650		4	_aDebt Markets _95379
650		4	_aEmerging Markets _95380
650		4	_aFinance and Financial Sector Development _95381
650		4	_aInvestment and Investment Climate _95382
650		4	_aMacroeconomics and Economic Growth _95383
650		4	_aPrivate Sector Development _95384
700	1		_aBouton, Lawrence. _95376
700	1		_aSumlinski, Mariusz A. _95385
776	0	8	_aPrint Version: _z9780821338742
830		0	_aWorld Bank e-Library. _95386
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/0-8213-3874-9
999			_c2479 _d2479