Privatization discontent and its determinants: evidence from Latin América

While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of...

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Autores principales: Carrera, Jorge Eduardo, Checci, Daniele, Florio, Massimo
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2004
Materias:
Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/165122
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SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-165122
record_format dspace
spelling I19-R120-10915-1651222024-04-23T04:07:10Z http://sedici.unlp.edu.ar/handle/10915/165122 Privatization discontent and its determinants: evidence from Latin América Carrera, Jorge Eduardo Checci, Daniele Florio, Massimo 2004-11 2004 2024-04-22T15:04:11Z en Ciencias Económicas Privatization Latin America Distributive impact Panel Survey Data Social Attitudes While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of Latinobarometro (2002), a survey of a representative sample of 18501 individuals in 17 countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral disaggregation, time profiles, proceeds, number of shares and other variables for each country. We use a set of macrovariables as controls, and test our prior beliefs on the determinants of policy failure in this area. Our main finding is that disagreement with privatization is more likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, and the country suffered adverse macroeconomic shocks in a condition of high disequality of incomes. Moreover, the more the respondent is educated, the more adverse to privatization he or she is. We suggest that these results depict a broadly consistent picture of privatization discontent that points to a combination of perceived distributional concerns that should be addressed by future research and policy design. Mientras que la mayoría de los economistas piensa que las políticas de privatización son socialmente beneficiosas existe una creciente oposición en varios países. Este trabajo pretende descubrir los determinantes de ese descontento en Latinoamérica. Usamos una muestra de 18501 individuos en 17 países como variable dependiente de percepción y datos de los países sobre privatizaciones e indicadores macro. Nuestros resultados muestran que el desacuerdo con las privatizaciones es más probable cando el entrevistado es pobre, las privatizaciones fueron rápidas y masivas, incluyeron agua y electricidad, el país es muy desigual y sufrió shocks macro adversos. Cuanto más educado es el entrevistado mayor es su oposición a las privatizaciones. En general, la aversión está asociada con preocupaciones de los individuos acerca de la distribución del ingreso. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
spellingShingle Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
Carrera, Jorge Eduardo
Checci, Daniele
Florio, Massimo
Privatization discontent and its determinants: evidence from Latin América
topic_facet Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
description While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of Latinobarometro (2002), a survey of a representative sample of 18501 individuals in 17 countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral disaggregation, time profiles, proceeds, number of shares and other variables for each country. We use a set of macrovariables as controls, and test our prior beliefs on the determinants of policy failure in this area. Our main finding is that disagreement with privatization is more likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, and the country suffered adverse macroeconomic shocks in a condition of high disequality of incomes. Moreover, the more the respondent is educated, the more adverse to privatization he or she is. We suggest that these results depict a broadly consistent picture of privatization discontent that points to a combination of perceived distributional concerns that should be addressed by future research and policy design.
format Objeto de conferencia
Objeto de conferencia
author Carrera, Jorge Eduardo
Checci, Daniele
Florio, Massimo
author_facet Carrera, Jorge Eduardo
Checci, Daniele
Florio, Massimo
author_sort Carrera, Jorge Eduardo
title Privatization discontent and its determinants: evidence from Latin América
title_short Privatization discontent and its determinants: evidence from Latin América
title_full Privatization discontent and its determinants: evidence from Latin América
title_fullStr Privatization discontent and its determinants: evidence from Latin América
title_full_unstemmed Privatization discontent and its determinants: evidence from Latin América
title_sort privatization discontent and its determinants: evidence from latin américa
publishDate 2004
url http://sedici.unlp.edu.ar/handle/10915/165122
work_keys_str_mv AT carrerajorgeeduardo privatizationdiscontentanditsdeterminantsevidencefromlatinamerica
AT checcidaniele privatizationdiscontentanditsdeterminantsevidencefromlatinamerica
AT floriomassimo privatizationdiscontentanditsdeterminantsevidencefromlatinamerica
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