The Economic Performance of State-owned Enterprises in Argentina an Empirical Assessment

The Economic Performance of State-owned Enterprises in Argentina an Empirical Assessment This paper empirically investigates the economic performance of 13 Argentine SOEs. Among them, one displays a behavior consistent with profit maximization, eight exhibit a behavior consistent with output maximization with a maximum loss constraint, and four show a behavior consistent with employment maximization. Such behavior taken together is consistent with the use of SOEs to achieve government macroeconomic targets. We also have found that, although different political regimes have different effects on the behavior of individual SOEs, there is no evidence that the SOEs as a group performed differently under military regimes than under the populist Peron regime. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Economic Performance of State-owned Enterprises in Argentina an Empirical Assessment

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Publisher
Springer Journals
Copyright
Copyright © 1999 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007728013278
Publisher site
See Article on Publisher Site

Abstract

This paper empirically investigates the economic performance of 13 Argentine SOEs. Among them, one displays a behavior consistent with profit maximization, eight exhibit a behavior consistent with output maximization with a maximum loss constraint, and four show a behavior consistent with employment maximization. Such behavior taken together is consistent with the use of SOEs to achieve government macroeconomic targets. We also have found that, although different political regimes have different effects on the behavior of individual SOEs, there is no evidence that the SOEs as a group performed differently under military regimes than under the populist Peron regime.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 15, 2004

References

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