Privatization, Regulation, and Economic Growth in Developing Countries: An Empirical Analysis
We examine the impact of ownership structure, as measured by privatization, and regulation on economic growth in developing and transition economies. Using several econometric specifications, including fixed effects, and taking into account regional differences and time periods, we estimate a cross-country panel growth model using the extended and new data sets on privatization and regulation for 1988-2007. Our results indicate that while the impact of privatization on growth is largely neutral, regulation tends to have a positive and significant impact on growth performance.
||Privatization, Ownership Structure, Regulation, Growth, Developing Countries
International Journal of Interdisciplinary Social Sciences, Volume 5, Issue 3, pp.79-106.
Article: Print (Spiral Bound).
Article: Electronic (PDF File; 4.118MB).
Assistant Professor, Department of Economics, St. Thomas More College, University of Saskatchewa, Saskatoon, Saskatchewan, Canada
Saeed Moshiri is an assistant professor in Economics at St. Thomas More College, University of Saskatchewan, Canada. He has taught undergraduate and graduate courses in Macroeconomics and Econometrics at University of Manitoba, Memorial University of Newfoundland, and University of Allame Tabatabi’e. His areas of research are economic growth, information technology, applied econometrics, and energy. He has published 26 papers in international journals such as Journal of Forecasting, Computational Economics, Economic Journal, International Review of Applied Economics, Information Systems in Developing Countries, and Iranian Economic Review.
Assistant Professor, Department of Economics, Brandon University, Brandon, Manitoba, Canada
Dr. Abdou is an associate professor in the Department of Economics, Brandon University, Manitoba, Canada. He teaches courses in Development Economics, Microeconomics, and Labour Economics. His research interests include capital formation in Africa, and globalization.
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