Privatization discontent and its determinants: evidence from Latin América

Autores
Carrera, Jorge Eduardo; Checci, Daniele; Florio, Massimo
Año de publicación
2004
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of Latinobarometro (2002), a survey of a representative sample of 18501 individuals in 17 countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral disaggregation, time profiles, proceeds, number of shares and other variables for each country. We use a set of macrovariables as controls, and test our prior beliefs on the determinants of policy failure in this area. Our main finding is that disagreement with privatization is more likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, and the country suffered adverse macroeconomic shocks in a condition of high disequality of incomes. Moreover, the more the respondent is educated, the more adverse to privatization he or she is. We suggest that these results depict a broadly consistent picture of privatization discontent that points to a combination of perceived distributional concerns that should be addressed by future research and policy design.
Mientras que la mayoría de los economistas piensa que las políticas de privatización son socialmente beneficiosas existe una creciente oposición en varios países. Este trabajo pretende descubrir los determinantes de ese descontento en Latinoamérica. Usamos una muestra de 18501 individuos en 17 países como variable dependiente de percepción y datos de los países sobre privatizaciones e indicadores macro. Nuestros resultados muestran que el desacuerdo con las privatizaciones es más probable cando el entrevistado es pobre, las privatizaciones fueron rápidas y masivas, incluyeron agua y electricidad, el país es muy desigual y sufrió shocks macro adversos. Cuanto más educado es el entrevistado mayor es su oposición a las privatizaciones. En general, la aversión está asociada con preocupaciones de los individuos acerca de la distribución del ingreso.
Facultad de Ciencias Económicas
Materia
Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/165122

id SEDICI_c099b46821cb4f801dd8dadcc52ba528
oai_identifier_str oai:sedici.unlp.edu.ar:10915/165122
network_acronym_str SEDICI
repository_id_str 1329
network_name_str SEDICI (UNLP)
spelling Privatization discontent and its determinants: evidence from Latin AméricaCarrera, Jorge EduardoChecci, DanieleFlorio, MassimoCiencias EconómicasPrivatizationLatin AmericaDistributive impactPanel Survey DataSocial AttitudesWhile most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of Latinobarometro (2002), a survey of a representative sample of 18501 individuals in 17 countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral disaggregation, time profiles, proceeds, number of shares and other variables for each country. We use a set of macrovariables as controls, and test our prior beliefs on the determinants of policy failure in this area. Our main finding is that disagreement with privatization is more likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, and the country suffered adverse macroeconomic shocks in a condition of high disequality of incomes. Moreover, the more the respondent is educated, the more adverse to privatization he or she is. We suggest that these results depict a broadly consistent picture of privatization discontent that points to a combination of perceived distributional concerns that should be addressed by future research and policy design.Mientras que la mayoría de los economistas piensa que las políticas de privatización son socialmente beneficiosas existe una creciente oposición en varios países. Este trabajo pretende descubrir los determinantes de ese descontento en Latinoamérica. Usamos una muestra de 18501 individuos en 17 países como variable dependiente de percepción y datos de los países sobre privatizaciones e indicadores macro. Nuestros resultados muestran que el desacuerdo con las privatizaciones es más probable cando el entrevistado es pobre, las privatizaciones fueron rápidas y masivas, incluyeron agua y electricidad, el país es muy desigual y sufrió shocks macro adversos. Cuanto más educado es el entrevistado mayor es su oposición a las privatizaciones. En general, la aversión está asociada con preocupaciones de los individuos acerca de la distribución del ingreso.Facultad de Ciencias Económicas2004-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/165122enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2004/Carrera-Cecchi-Florio.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:15Zoai:sedici.unlp.edu.ar:10915/165122Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:16.201SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Privatization discontent and its determinants: evidence from Latin América
title Privatization discontent and its determinants: evidence from Latin América
spellingShingle Privatization discontent and its determinants: evidence from Latin América
Carrera, Jorge Eduardo
Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
title_short Privatization discontent and its determinants: evidence from Latin América
title_full Privatization discontent and its determinants: evidence from Latin América
title_fullStr Privatization discontent and its determinants: evidence from Latin América
title_full_unstemmed Privatization discontent and its determinants: evidence from Latin América
title_sort Privatization discontent and its determinants: evidence from Latin América
dc.creator.none.fl_str_mv Carrera, Jorge Eduardo
Checci, Daniele
Florio, Massimo
author Carrera, Jorge Eduardo
author_facet Carrera, Jorge Eduardo
Checci, Daniele
Florio, Massimo
author_role author
author2 Checci, Daniele
Florio, Massimo
author2_role author
author
dc.subject.none.fl_str_mv Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
topic Ciencias Económicas
Privatization
Latin America
Distributive impact
Panel Survey Data
Social Attitudes
dc.description.none.fl_txt_mv While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of Latinobarometro (2002), a survey of a representative sample of 18501 individuals in 17 countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral disaggregation, time profiles, proceeds, number of shares and other variables for each country. We use a set of macrovariables as controls, and test our prior beliefs on the determinants of policy failure in this area. Our main finding is that disagreement with privatization is more likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, and the country suffered adverse macroeconomic shocks in a condition of high disequality of incomes. Moreover, the more the respondent is educated, the more adverse to privatization he or she is. We suggest that these results depict a broadly consistent picture of privatization discontent that points to a combination of perceived distributional concerns that should be addressed by future research and policy design.
Mientras que la mayoría de los economistas piensa que las políticas de privatización son socialmente beneficiosas existe una creciente oposición en varios países. Este trabajo pretende descubrir los determinantes de ese descontento en Latinoamérica. Usamos una muestra de 18501 individuos en 17 países como variable dependiente de percepción y datos de los países sobre privatizaciones e indicadores macro. Nuestros resultados muestran que el desacuerdo con las privatizaciones es más probable cando el entrevistado es pobre, las privatizaciones fueron rápidas y masivas, incluyeron agua y electricidad, el país es muy desigual y sufrió shocks macro adversos. Cuanto más educado es el entrevistado mayor es su oposición a las privatizaciones. En general, la aversión está asociada con preocupaciones de los individuos acerca de la distribución del ingreso.
Facultad de Ciencias Económicas
description While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of Latinobarometro (2002), a survey of a representative sample of 18501 individuals in 17 countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral disaggregation, time profiles, proceeds, number of shares and other variables for each country. We use a set of macrovariables as controls, and test our prior beliefs on the determinants of policy failure in this area. Our main finding is that disagreement with privatization is more likely when the respondent is poor, privatization was large and quick, involved a high proportion of public services as water and electricity, and the country suffered adverse macroeconomic shocks in a condition of high disequality of incomes. Moreover, the more the respondent is educated, the more adverse to privatization he or she is. We suggest that these results depict a broadly consistent picture of privatization discontent that points to a combination of perceived distributional concerns that should be addressed by future research and policy design.
publishDate 2004
dc.date.none.fl_str_mv 2004-11
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
Objeto de conferencia
http://purl.org/coar/resource_type/c_5794
info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/165122
url http://sedici.unlp.edu.ar/handle/10915/165122
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2004/Carrera-Cecchi-Florio.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
instname:Universidad Nacional de La Plata
instacron:UNLP
reponame_str SEDICI (UNLP)
collection SEDICI (UNLP)
instname_str Universidad Nacional de La Plata
instacron_str UNLP
institution UNLP
repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
repository.mail.fl_str_mv alira@sedici.unlp.edu.ar
_version_ 1844616301320863744
score 13.070432