V Macroeconomic Impact of Privatization
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Mr. Jeffrey M. Davis
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Mr. Thomas J Richardson
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Mr. Rolando Ossowski
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Mr. Steven A Barnett
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Abstract

This section examines evidence of the impact of privatization on growth, aggregate investment, and labor markets and unemployment. The micro-economic evidence in each area is first summarized, then followed by econometric results from the case study countries. The measured impact of privatization on macroeconomic performance should be interpreted with caution, given the association of privatization with a broader regime change.

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