Article

 

PUBLIC UTILITIES PRIVATIZATIONS IN OPEN ECONOMY: A LITERATURE REVIEW (p.81-95)

by

Kostas Karamanis, TECHNOLOGICAL EDUCATIONAL INSTITUTE OF EPIRUS

Eirini Triarchi, TECHNOLOGICAL EDUCATIONAL INSTITUTE OF EPIRUS

Keywords : Public Utilities, Privatization, Competition, Regulation, Telecommunication

JEL classification : L11, L12, L32, L96

Abstract

The purpose of this paper is to record important studies and to draw useful conclusions on the effects of structural changes in public utilities. As a case study the telecommunications markets will be analyzed, since in almost all developed and developing countries the telecommunication sector has experienced a transition process from a highly regulated stated –owned monopoly to a liberalized competitive market regime. In particular, the impacts of the privatization of the traditional organizations, introduction of competition and the establishment of an independent regulatory authority related to market performance indicators such as telephone penetration, amount of investments, prices and quality of service, employment and labor productivity, will be examined.