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Author: Lawrence Bouton
Publisher: World Bank Publications
ISBN: 9780821338742
Category : Business & Economics
Languages : en
Pages : 126
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Book Description
This 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.
Author: Lawrence Bouton
Publisher: World Bank Publications
ISBN: 9780821338742
Category : Business & Economics
Languages : en
Pages : 126
Get Book Here
Book Description
This 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.
Author: Jack D. Glen
Publisher: World Bank Publications
ISBN: 9780821342329
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Private investment in developing countries continued its upward trend in 1996, the most recent year for which data exist, on an unweighted average basis. Public investment rates continued a decline that began in the early 1980s. The largest increases in private investment between 1995 and 1996 occurred in Malawi, Mauritania, Benin, Papua New Guinea, and Bolivia, suggesting that the private firms in some of the world's poorest countries are showing a strong supply response. This year's edition includes statistics for four major Organization for Economic Co-operation & Development (OECD) countries for comparison with developing country trends. It also includes a discussion of domestic capital markets in financing private investment; even though stock and bond markets have grown at a rapid rate, they play only a minor role in financing investment in the developing countries where banks are a more important source of financing.
Author: Stephen S. Everhart
Publisher: World Bank Publications
ISBN: 9780821350102
Category : Business & Economics
Languages : en
Pages : 76
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Book Description
La edicion de 2001 se centra en la relacion entre inversion publica e inversion privada. El foco de este a?o esta en la calidad de la inversion publica, de su interaccion con la corrupcion, y del impacto que resulta en la inversion privada.
Author: Guy Pierre Pfeffermann
Publisher: World Bank Publications
ISBN: 9780821344750
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
This is the tenth annual edition of "Trends in Private Investment in Developing Countries." To mark this event, this report includes figures for each of the countries for which data are available as well as the first country-specific results of a worldwide survey on obstacles to doing business perceived by executives in 74 countries (including several industrial countries for comparison). The first part of this report documents trends in private and public fixed investment. The second part presents country-specific results of a 1996/97 worldwide survey of business executives. The discussion focus on obstacles to doing business and their relationship to levels of private investment. A few factors emerge as being of particular importance to private investment decisions:the real exchange rate, the rule of law, predictability of judiciary systems, and the extent to which financing is available to enterprises.
Author: Jack D. Glen
Publisher: World Bank Publications
ISBN: 9780821331835
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
IFC Discussion Paper No. 25. Presents tables and graphs of updated statistics on private investment in developing countries between 1980 and 1993. Text focuses on capital flows that contribute to the financing of private investment. This six
Author: Robert R. Miller
Publisher: Washington, D.C.: World Bank
ISBN: 9780821327630
Category : Investments
Languages : en
Pages : 49
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Book Description
Author: Anthony H. Aylward
Publisher: World Bank Publications
ISBN: 9780821343036
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
IFC Discussion Paper No. 36. This paper presents an analysis of new data on venture capital in developing countries. The data from the regional venture capital associations detail sources and uses of venture financing flows by region, country, industry, type of investing institution, and stage of venture investment. The survey data detail fund organization, deal screening, capital structure, agency cost characteristics of asset structure, measures of entrepreneur human capital, and investment monitoring and control.
Author: Lawrence Bouton
Publisher: World Bank Publications
ISBN: 9780821347850
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
This discussion paper examines in its first part, the role of private investment in economic growth. While theoretical growth models developed in the economics literature, make no distinction between private, and public components of investment, there is an emerging appreciation that private investment is more efficient, and productive tan public investment. Results from the recent empirical literature, updated here with the recent data on private investment, suggest that private investment has a stronger association with long run economic growth than public investment. The second part shows trends in private, and public fixed investment in fifty developing countries. On average, the ratio of private investment to GDP continued its upward trend, reaching record levels in 1998, the most recent year for which comparable data exist. That year, average private investment reached 14.3 percent of GDP, but public investment, fell to only 7.0 percent of GDP, its lowest level since 1974.
Author:
Publisher: World Bank Publications
ISBN: 9780195209921
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
World Development Report 1994 examines the link between infrastructure and development and explores ways in which developing countries can improve both the provision and the quality of infrastructure services. In recent decades, developing countries have made substantial investments in infrastructure, achieving dramatic gains for households and producers by expanding their access to services such as safe water, sanitation, electric power, telecommunications, and transport. Even more infrastructure investment and expansion are needed in order to extend the reach of services - especially to people living in rural areas and to the poor. But as this report shows, the quantity of investment cannot be the exclusive focus of policy. Improving the quality of infrastructure service also is vital. Both quantity and quality improvements are essential to modernize and diversify production, help countries compete internationally, and accommodate rapid urbanization. The report identifies the basic cause of poor past performance as inadequate institutional incentives for improving the provision of infrastructure. To promote more efficient and responsive service delivery, incentives need to be changed through commercial management, competition, and user involvement. Several trends are helping to improve the performance of infrastructure. First, innovation in technology and in the regulatory management of markets makes more diversity possible in the supply of services. Second, an evaluation of the role of government is leading to a shift from direct government provision of services to increasing private sector provision and recent experience in many countries with public-private partnerships is highlighting new ways to increase efficiency and expand services. Third, increased concern about social and environmental sustainability has heightened public interest in infrastructure design and performance.
Author: Guy P. Pfeffermann
Publisher: World Bank Publications
ISBN: 9780821344750
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
This is the tenth annual edition of "Trends in Private Investment in Developing Countries." To mark this event, this report includes figures for each of the countries for which data are available as well as the first country-specific results of a worldwide survey on obstacles to doing business perceived by executives in 74 countries (including several industrial countries for comparison). The first part of this report documents trends in private and public fixed investment. The second part presents country-specific results of a 1996/97 worldwide survey of business executives. The discussion focus on obstacles to doing business and their relationship to levels of private investment. A few factors emerge as being of particular importance to private investment decisions:the real exchange rate, the rule of law, predictability of judiciary systems, and the extent to which financing is available to enterprises.
