Economics of state-owned enterprises

Putnins, TJ

Economics of state-owned enterprises

Putnins, TJ

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Publisher:: Informa UK Limited
Publication Type:: Journal Article
Citation:: International Journal of Public Administration, 2015, 38, (11), pp. 814-832
Issue Date:: 2015-09-20

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Field	Value	Language
dc.contributor.author	Putnins, TJ
dc.date.accessioned	2023-01-05T05:27:31Z
dc.date.available	2023-01-05T05:27:31Z
dc.date.issued	2015-09-20
dc.identifier.citation	International Journal of Public Administration, 2015, 38, (11), pp. 814-832
dc.identifier.issn	1532-4265
dc.identifier.issn	1532-4265
dc.identifier.uri	http://hdl.handle.net/10453/164727
dc.description.abstract	State-owned enterprises (SOEs) account for a substantial proportion of GDP, employment and assets in many countries. This article reviews the theory relating to SOEs: their economic rationale, the circumstances in which SOEs are the preferred form of government intervention, and their efficiency and welfare consequences. Based on the theory and empirical evidence, we develop a novel five-step framework that can guide policymakers and economic advisors in making decisions about maintaining and/or creating SOEs. The framework suggests that the use of SOEs should be limited to circumstances in which a market failure exists, less invasive forms of intervention such as regulation/taxes/subsidies and private sector contracting are ineffective or not possible, and the welfare loss of the market failure exceeds the costs, distortions and inefficiencies of SOEs.
dc.language	en
dc.publisher	Informa UK Limited
dc.relation.ispartof	International Journal of Public Administration
dc.relation.isbasedon	10.1080/01900692.2014.982289
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	This is an Accepted Manuscript of an article published by Taylor & Francis in International Journal of Public Administration on 02 Jul 2015, available online: http://www.tandfonline.com/10.1080/01900692.2014.982289
dc.subject	1503 Business and Management, 1605 Policy and Administration, 1606 Political Science
dc.subject.classification	Political Science & Public Administration
dc.title	Economics of state-owned enterprises
dc.type	Journal Article
utslib.citation.volume	38
utslib.for	1605 Policy and Administration
utslib.for	1503 Business and Management
utslib.for	1605 Policy and Administration
utslib.for	1606 Political Science
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Finance Discipline
utslib.copyright.status	open_access	*
pubs.consider-herdc	true
dc.date.updated	2023-01-05T05:27:29Z
pubs.issue	11
pubs.publication-status	Published
pubs.volume	38
utslib.citation.issue	11

Abstract:

State-owned enterprises (SOEs) account for a substantial proportion of GDP, employment and assets in many countries. This article reviews the theory relating to SOEs: their economic rationale, the circumstances in which SOEs are the preferred form of government intervention, and their efficiency and welfare consequences. Based on the theory and empirical evidence, we develop a novel five-step framework that can guide policymakers and economic advisors in making decisions about maintaining and/or creating SOEs. The framework suggests that the use of SOEs should be limited to circumstances in which a market failure exists, less invasive forms of intervention such as regulation/taxes/subsidies and private sector contracting are ineffective or not possible, and the welfare loss of the market failure exceeds the costs, distortions and inefficiencies of SOEs.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/164727