The Role of Public Enterprises in the National Economy
Public enterprises are state-owned production units that market their output and are thus directly involved in the market process, unlike the state provision of roads, defense, and law and order which are provided, not marketed. Their existence raises the fundamental question of why they are in the...
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| Format: | Article |
| Language: | English |
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World Scientific Publishing
1992-01-01
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| Series: | Asian Development Review |
| Online Access: | https://www.worldscientific.com/doi/10.1142/S0116110592000083 |
| _version_ | 1797793913761693696 |
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| author | David M. Newbery |
| author_facet | David M. Newbery |
| author_sort | David M. Newbery |
| collection | DOAJ |
| description | Public enterprises are state-owned production units that market their output and are thus directly involved in the market process, unlike the state provision of roads, defense, and law and order which are provided, not marketed. Their existence raises the fundamental question of why they are in the public sector, and more generally, where the boundaries between the public and private sector should be drawn. Until recently few development agencies raised such questions—it was taken for granted that the state had a central role to play in accelerating development in developing countries, even when there were concerns about the efficiency of the public sector. The debt crisis prompted international agencies to look more carefully at public sector deficits, and they expressed concern at the extent to which public enterprises contributed to those deficits and increased public and foreign debt because of poor profitability… |
| first_indexed | 2024-03-13T02:55:09Z |
| format | Article |
| id | doaj.art-06ef2989303e42e08af2741519370342 |
| institution | Directory Open Access Journal |
| issn | 0116-1105 1996-7241 |
| language | English |
| last_indexed | 2024-03-13T02:55:09Z |
| publishDate | 1992-01-01 |
| publisher | World Scientific Publishing |
| record_format | Article |
| series | Asian Development Review |
| spelling | doaj.art-06ef2989303e42e08af27415193703422023-06-28T06:23:22ZengWorld Scientific PublishingAsian Development Review0116-11051996-72411992-01-01100213410.1142/S0116110592000083The Role of Public Enterprises in the National EconomyDavid M. NewberyPublic enterprises are state-owned production units that market their output and are thus directly involved in the market process, unlike the state provision of roads, defense, and law and order which are provided, not marketed. Their existence raises the fundamental question of why they are in the public sector, and more generally, where the boundaries between the public and private sector should be drawn. Until recently few development agencies raised such questions—it was taken for granted that the state had a central role to play in accelerating development in developing countries, even when there were concerns about the efficiency of the public sector. The debt crisis prompted international agencies to look more carefully at public sector deficits, and they expressed concern at the extent to which public enterprises contributed to those deficits and increased public and foreign debt because of poor profitability…https://www.worldscientific.com/doi/10.1142/S0116110592000083 |
| spellingShingle | David M. Newbery The Role of Public Enterprises in the National Economy Asian Development Review |
| title | The Role of Public Enterprises in the National Economy |
| title_full | The Role of Public Enterprises in the National Economy |
| title_fullStr | The Role of Public Enterprises in the National Economy |
| title_full_unstemmed | The Role of Public Enterprises in the National Economy |
| title_short | The Role of Public Enterprises in the National Economy |
| title_sort | role of public enterprises in the national economy |
| url | https://www.worldscientific.com/doi/10.1142/S0116110592000083 |
| work_keys_str_mv | AT davidmnewbery theroleofpublicenterprisesinthenationaleconomy AT davidmnewbery roleofpublicenterprisesinthenationaleconomy |