The authors compare the performance of public and private sector manufacturing firms in Indonesia for 1981-95. They analyze whether public sector inefficiency is due primarily to agency-type problems ("ownership") or to the business environment in which public enterprises operate, as measured by soft budget constraints or barriers to competition. They nest the two alternatives in a production function framework. The results, obtained from fixed-effects...
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DETALHES
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2000/01/31
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Documento de trabalho sobre pesquisa de políticas
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WPS2272
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1
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1
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2010/07/01
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Ownership versus environment : disentangling the sources of public sector inefficiency
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government loan