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Financial and Political Factors Motivating the Privatisation of Municipal Water Services

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Listed:
  • José Luis Zafra-Gómez
  • Antonio Manuel López-Hernández
  • Ana María Plata-Díaz
  • Juan Carlos Garrido-Rodríguez

Abstract

Financial and political factors are widely considered to be an explanatory factor of the privatisation of public services. However, the empirical evidence in this respect is not convincing. This paper considers elements of long-term financial condition and ideological and political strength, together with other socio-economic factors and the effects of the current global financial crisis, to address the financial stress–privatisation relationship, with respect to urban water services, observed during the period 2002–2012 in Spanish municipalities. A discrete time survival model is applied, and the results obtained show that certain elements of financial condition, together with political and ideological factors, are decisive influences in decisions to privatise urban water services. We also highlight the major impact of the Great Recession and its effect on the financial stress–privatisation relationship.

Suggested Citation

  • José Luis Zafra-Gómez & Antonio Manuel López-Hernández & Ana María Plata-Díaz & Juan Carlos Garrido-Rodríguez, 2016. "Financial and Political Factors Motivating the Privatisation of Municipal Water Services," Local Government Studies, Taylor & Francis Journals, vol. 42(2), pages 287-308, March.
    • Handle: RePEc:taf:flgsxx:v:42:y:2016:i:2:p:287-308
    DOI: 10.1080/03003930.2015.1096268
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    Cited by:

    1. Pérez-López, Gemma & Prior, Diego & Zafra-Gómez, José Luis & Plata-Díaz, Ana María, 2016. "Cost efficiency in municipal solid waste service delivery. Alternative management forms in relation to local population size," European Journal of Operational Research, Elsevier, vol. 255(2), pages 583-592.
    2. D'Amore, Gabriella & Landriani, Loris & Lepore, Luigi, 2021. "Ownership and sustainability of Italian water utilities: The stakeholder role," Utilities Policy, Elsevier, vol. 71(C).

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