
State-owned Enterprises In A Mixed Economy
Micro Versus Macro Economic Objectives
- 198 pages
- English
- PDF
- Available on iOS & Android
About this book
A distinctive feature of economic trends of the past three decades has been the increase in microeconomic intervention by state-owned enterprises (SOEs) in the market economies of rich industrial and poor developing nations. The majority of SOEs were established as policy instruments of choice in response to a variety of socioeconomic needs and socio-political problems. As persuasively demonstrated in this book, microeconomic efficiency criteria alone, stemming from the theory of a perfectly competitive economy, are badly designed criteria for public firms. The historical part of the book, in particular, discusses quite compellingly a number of causes other than market failures for the existence of state-owned enterprises. This discussion develops complex answers regarding causes for the existence of public firms.
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Information
Table of contents
- Cover
- Half Title
- Title
- Copyright
- Dedication
- Contents
- List of Tables and Figures
- List of Appendices
- Foreword
- Preface
- 1 Growth and Expansion of SOEs
- 2 Investment Criteria for SOEs
- 3 Financing Sources for SOEs
- 4 Empirical Evidence on Operating Surplus, Capital Requirements, and Debt in SOEs
- 5 Price Formation for SOEs
- 6 Conflict in Micro and Macro Objectives of SOEs
- 7 Summary and Conclusions
- Appendices
- Bibliography
- Author Index
- Subject Index