The purpose of this paper is to re-examine the relation between privatisation and economic growth using data for 63 developing countries over a time period of 1988-97. The next section provides a brief review of the theoretical links between a change in ownership from public to private and economic growth, and of the empirical literature that has examined this relationship. The third section discusses the methods adopted to explore the relation between privatisation and economic growth and the data used. The fourth section discusses the results of the analysis. The final section provides a summary and draws some broad conclusions.
Manchester, UK, CRC Working Paper, No. 7, 29 pp.