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Total Effects of Privatization: Evidence from Turkey.
- Source :
-
Review of Radical Political Economics . Winter2018, Vol. 50 Issue 4, p699-707. 9p. - Publication Year :
- 2018
-
Abstract
- I examine effects of the privatization process as a whole in Turkey. I show that the privatization process begins before the firm is sold to private agents. I find that privatization causes the firm-level workforce to decline by 65 percent, profit-margin to increase by 18 percent, and no substantial changes in real sales. Based on the evidence presented, I conclude that the direct outcome of privatization is an income transfer from wage earners to profit earners.JEL Classification: L33, H42 [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 04866134
- Volume :
- 50
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Review of Radical Political Economics
- Publication Type :
- Academic Journal
- Accession number :
- 133589872
- Full Text :
- https://doi.org/10.1177/0486613418785031