期刊名称：Discussion Papers / School of Business, University of New South Wales
出版年度：2008
卷号：2008
出版社：Sydney
摘要：We look at privatization in a general equilibrium model of a small, tariff-distorted,
open economy. There is a differentiated good produced by both private and public
sector enterprises. A reduction in government production in order to cut losses from
such production raises the returns to capital and increases the tariff revenue, which are
welfare improving. However, privatization also leads to lower wages and possibly
fewer private brands. This lowers workers’ welfare, which may make privatization
politically infeasible. Privatization can improve workers’ welfare with complementary
reforms, e.g., attracting foreign investment or trade liberalization.
