IDEAS home Printed from https://ideas.repec.org/a/sae/ecolab/v13y2002i2p326-339.html
   My bibliography  Save this article

The Fiscal Impact of the Privatisation of the Victorian Electricity Industry

Author

Listed:
  • John Quiggin

Abstract

This paper is an analysis of the fiscal effects of the privatisation of the Victorian electricity industry. Privatisation is found to be approximately neutral in its effect on the net worth of the Victorian public sector. The buyers of electricity assets lost money, apparently because they anticipated more favourable regulatory treatment than they actually received. Electricity prices were increase prior to privatisation, and are still higher than those in states where the electricity industry has remained in public ownership, but consumers were not directly affected by privatisation as such. There were reductions in employment both before and after privatisation.

Suggested Citation

  • John Quiggin, 2002. "The Fiscal Impact of the Privatisation of the Victorian Electricity Industry," The Economic and Labour Relations Review, , vol. 13(2), pages 326-339, December.
    • Handle: RePEc:sae:ecolab:v:13:y:2002:i:2:p:326-339
    DOI: 10.1177/103530460201300209
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/103530460201300209
    Download Restriction: no
    File URL: https://libkey.io/10.1177/103530460201300209?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John Quiggin, 1995. "Does Privatisation Pay?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(2), pages 23-42, April.
    2. Stephen King & Rohan Pitchford, 1998. "Privatisation in Australia: Understanding the Incentives in Public and Private Firms," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(4), pages 313-328, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lynne Chester, 2015. "The privatisation of Australian electricity: Claims, myths and facts," The Economic and Labour Relations Review, , vol. 26(2), pages 218-240, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. John Quiggin, 2010. "Bad Politics Makes Bad Policy: The Case of Queensland’s Asset Sales Programme," Economic Papers, The Economic Society of Australia, vol. 29(1), pages 13-22, March.
    2. Michael O'Donnell & Miriam Glennie & Peter O'Keefe & Seung-Ho Kwon, 2011. "Privatisation and ‘Light-Handed’ Regulation: Sydney Airport," The Economic and Labour Relations Review, , vol. 22(1), pages 65-80, May.
    3. John Quiggin, 2001. "Market-Oriented Reform in the Australian Electricity Industry," The Economic and Labour Relations Review, , vol. 12(1), pages 126-150, June.
    4. Joanne Loundes, 2001. "The Financial Performance of Australian Government Trading Enterprises Pre- and Post-Reform," Melbourne Institute Working Paper Series wp2001n05, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    5. Paul H. Jensen & Robin E. Stonecash, 2004. "The Efficiency of Public Sector Outsourcing Contracts: A Literature Review," Melbourne Institute Working Paper Series wp2004n29, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    6. John Quiggin, 2004. "Looking Back on Microeconomic Reform: A Sceptical Viewpoint," The Economic and Labour Relations Review, , vol. 15(1), pages 1-25, June.
    7. Scott French, 2014. "Innovation, Product-Cycle Trade, and the Cross-Country Distribution of Income," Discussion Papers 2014-26, School of Economics, The University of New South Wales.
    8. Neville Hathaway, 1997. "Privatisation and the Government Cost of Capital," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 4(2), pages 155-164.
    9. Brendan Markey‐Towler, 2019. "The New Microeconomics: A Psychological, Institutional, and Evolutionary Paradigm with Neoclassical Economics as a Special Case," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 95-135, January.
    10. Phillip Toner, 2014. "Contracting out publicly funded vocational education: A transaction cost critique," The Economic and Labour Relations Review, , vol. 25(2), pages 222-239, June.
    11. Amani Elnasri, 2014. "Efficiency of Infrastructure Provision: Australia, States and Territories," Discussion Papers 2014-25, School of Economics, The University of New South Wales.
    12. Paul H. Jensen & Robin E. Stonecash, 2005. "Incentives and the Efficiency of Public Sector‐outsourcing Contracts," Journal of Economic Surveys, Wiley Blackwell, vol. 19(5), pages 767-787, December.
    13. M. Harris & J. N. Lye, 2001. "The Fiscal Consequences of Privatisation: Australian evidence on privatisation by public share float," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(3), pages 305-321.
    14. Grant, S. & Quiggin, J., 2001. "Noise Trader Risk and the Political Economy of Privatization," Other publications TiSEM d078de12-794d-4bb4-b230-5, Tilburg University, School of Economics and Management.
    15. John Quiggin, 2009. "Six Refuted Doctrines," Economic Papers, The Economic Society of Australia, vol. 28(3), pages 239-248, September.
    16. Panagiotis Staikouras, 2004. "Structural Reform Policy: Privatisation and Beyond—The Case of Greece," European Journal of Law and Economics, Springer, vol. 17(3), pages 373-398, May.
    17. Stephen P. King, 1997. "National Competition Policy," The Economic Record, The Economic Society of Australia, vol. 73(222), pages 270-284, September.
    18. Julie Smith & Lindy Ingham, 2005. "Mothers' Milk And Measures Of Economic Output," Feminist Economics, Taylor & Francis Journals, vol. 11(1), pages 41-62.
    19. Manh Hoang Nguyen & Thi Quy Vo, 2022. "Residual State Ownership and Firm Performance: A Case of Vietnam," JRFM, MDPI, vol. 15(6), pages 1-28, June.
    20. Mai, Nhat Chi, 2020. "Impact of Residual State Ownership on Privatised Firm Performance: Evidence from Vietnamese Listed Firms," OSF Preprints j78fy, Center for Open Science.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecolab:v:13:y:2002:i:2:p:326-339. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.