CORDIS
EU research results

CORDIS

English EN

Understanding Privatisation Policy: Political Economy and Welfare Effects

Objective

Privatisation is one of the main events of the economic history of the last decades. The privatisation record to date is impressive, both in developed and developing economies. Despite the relevance of the process and the extensive research recently carried out, several aspects of privatisation such as its determinants, methods, and economic and social implications warrant a systematic analysis and research efforts. Given the relevance of privatisation policy in the European context and in the markets for the services of general interest (SGI), it is imperative to analyse the record of privatisation and understand the causes behind failures in order to improve the process in the future.

The project's main objectives are:
- To study the political and institutional incentives and constraints affecting privatisation;
- To analyse the interactions between private and public ownership and control of firms;
- To evaluate the welfare effect of privatisation policies on consumers, taxpayers and shareholders;
- To identify the most appropriate policies to make privatisation deliver the most desirable outcomes.

To address these objectives, the Project will use the tools of political economy and welfare analysis, starting from the premises that privatisation is a political decision taken by governments at national/sub-national level and it has important consequences on the welfare of several stakeholders in the economy (consumers, taxpayers, employees, and shareholders). The welfare effects of privatisation as perceived by different social groups are key element to establish the political sustainability of reform programmes, or the long-term reversal to public provision.

The Project will adopt a multidisciplinary approach, mobilising researchers from economics, finance, political science, and judicial disciplines working in five universities and three research institutions of five European countries, including a new accession country.

Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

FONDAZIONE ENI ENRICO MATTEI

Address

Corso Magenta, N. 63
Milano

Italy

Participants (7)

Sort alphabetically

Expand all

UNIVERSITAT POMPEU FABRA

Spain

UNIVERSITA DEGLI STUDI DI MILANO

Italy

UNIVERSITEIT VAN AMSTERDAM

Netherlands

INSTITUT FUER WIRTSCHAFTSFORSCHUNG

Germany

STIFTUNG WISSENSCHAT UND POLITIK - DEUTSCHES INSTITUT FUER INTERNATIONALE POLITIK UND SICHERHEIT

Germany

UNIVERZITA KARLOVA V PRAZE

Czechia

UNIVERSITA DEGLI STUDI DI PADOVA

Italy

Project information

Grant agreement ID: 28647

  • Start date

    1 February 2006

  • End date

    31 July 2008

Funded under:

FP6-CITIZENS

  • Overall budget:

    € 1 100 000

  • EU contribution

    € 1 100 000

Coordinated by:

FONDAZIONE ENI ENRICO MATTEI

Italy