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Impact of Privatisation on Employment and Output in Pakistan

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  • Iram A. Khan

    (Auditor-General of Pakistan, Islamabad.)

Abstract

The paper aims to assess the impact of privatisation on employment and output in Pakistan. It uses edible oil and cement sectors as a case study in a pre- and post-privatisation comparative framework. Assessing the impact of privatisation in Pakistan is important at this juncture for two reasons. Firstly, the country is facing a severe economic crisis and privatisation forms an integral part of an array of reform measures recommended by multi-lateral donors as well as policy-makers within and without the country. Burki [(2000), p. 152] observes, “The economy and state of Pakistan are in crisis…. Pakistan has not faced a crisis of this magnitude in its entire 50-year history”. He refers to the five different crises that have combined to create this situation. These are: the global financial crisis, Pakistan’s short-term liquidity problem, economy’s structural weaknesses, severe social backwardness, and, finally, the crisis of governance. Burki (2000) suggests several solutions to the problems, and privatisation is one of the ways to restructure the economy and improve the quality of governance.

Suggested Citation

  • Iram A. Khan, 2003. "Impact of Privatisation on Employment and Output in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 42(4), pages 513-536.
    • Handle: RePEc:pid:journl:v:42:y:2003:i:4:p:513-536
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    File URL: http://www.pide.org.pk/pdf/PDR/2003/Volume4/513-536.pdf
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    References listed on IDEAS

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    1. Richard Blundell & Stephen Bond & Frank Windmeijer, 2000. "Estimation in dynamic panel data models: improving on the performance of the standard GMM estimator," IFS Working Papers W00/12, Institute for Fiscal Studies.
    2. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. "The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, vol. 49(2), pages 403-452, June.
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    4. A.R. Kemal, 1994. "Structural Adjustment, Employment, Income Distribution and Poverty," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(4), pages 901-914.
    5. A.R. Kemal, 1996. "Why Regulate a Privatised Firm?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 35(4), pages 649-656.
    6. Christev, Atanas & FitzRoy, Felix, 2002. "Employment and Wage Adjustment: Insider-Outsider Control in a Polish Privatization Panel Study," Journal of Comparative Economics, Elsevier, vol. 30(2), pages 251-275, June.
    7. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
    8. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    9. Patrick Plane, 1997. "Privatization and economic growth: an empirical investigation from a sample of developing market economies," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 161-178.
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    Cited by:

    1. Abdullah Muhammad Iqbal & Iram Khan & Zeeshan Ahmed, 2015. "Earnings Management and Privatisations: Evidence from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(2), pages 79-96.
    2. Muhammad Irfan, 2010. "A Review of the Labour Market Research at PIDE 1957-2009," PIDE Books, Pakistan Institute of Development Economics, number 2010:1 edited by Rashid Amjad & Aurangzeb A. Hashmi, October.
    3. Iram Khan & Asad Ghalib & Farhad Hossain, 2015. "Stakeholders Involvement or Public Subsidy of Private Interests? Appraising the Case of Public Private Partnerships in Pakistan," Public Organization Review, Springer, vol. 15(2), pages 281-296, June.
    4. Waqqas Qayyum, 2007. "Causes of Youth Unemployment in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 611-621.
    5. Abdul Aleem Qureshi & Syed Faizan Iftikhar & Mohsin Hasnain Ahmed, 2017. "The Fiscal Impacts of Privatization Reforms in Pakistan: A Dynamic Analysis," Econometrics Letters, Bilimsel Mektuplar Organizasyonu (Scientific letters), vol. 4(1), pages 17-32.
    6. Asma Hyder, 2007. "Employment Preferences and Length of Job Queues in Pakistan," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 1(4), pages 383-401, December.
    7. Asma, Hyder, 2007. "Employment Preferences and Length of Job Queues in Pakistan: An Update," MPRA Paper 19572, University Library of Munich, Germany.
    8. Mujahid, Noureen & Muhammad Shahbaz, Shabbir & Shahbaz, Muhammad, 2014. "Labor Market Conditions-Female Labor Supply Nexus: The Role of Globalization in Pakistan," MPRA Paper 57179, University Library of Munich, Germany, revised 07 Jul 2014.

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