1 / 7

THE PUBLIC FINANCE DEBATES:

THE PUBLIC FINANCE DEBATES: “The New Zealand Government should sell 100% of its SOE stake, not 49%” Proponent: Paul Dyer. Outline. The NZ debate to date. Why public vs private ownership matters. How have NZ SOEs actually been operating, and will anything change?.

tegan
Download Presentation

THE PUBLIC FINANCE DEBATES:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. THE PUBLIC FINANCE DEBATES: “The New Zealand Government should sell 100% of its SOE stake, not 49%” Proponent: Paul Dyer

  2. Outline • The NZ debate to date. • Why public vs private ownership matters. • How have NZ SOEs actually been operating, and will anything change? The VUW-GEN Public Finance Debates October 24, 2012

  3. Growth of the Crown Balance Sheet Source: Budget 2012 and FY2012 Financial Statements The VUW-GEN Public Finance Debates October 24, 2012

  4. NZ’s equity investment with the world is essentially balanced Source: Statistics NZ, Balance of Payments, Table 11 The VUW-GEN Public Finance Debates October 24, 2012

  5. Public v private ownership turns on three questions: • Does competition matter more than ownership? • Are SOEs subject to welfare reducing interventions? • Are SOE governance problems intractable? Mary M. Shirley and Patrick Walsh, “Public vs Private Ownership: The Current State of the Debate”, World Bank Research Paper 2420, Mar 2001. The VUW-GEN Public Finance Debates October 24, 2012

  6. Studies of operating efficiency, public vs private ownership Mary M. Shirley and Patrick Walsh, “Public vs Private Ownership: The Current State of the Debate”, World Bank Research Paper 2420, Mar 2001. The VUW-GEN Public Finance Debates October 24, 2012

  7. How large are the gains? William Megginson and Jeffry Netter, “From State to Market: A survey of Empirical Studies of Privatisation””, J. Economic Literature, June 2001 The VUW-GEN Public Finance Debates October 24, 2012

More Related