IDEAS home Printed from https://ideas.repec.org/p/eid/wpaper/15959.html
   My bibliography  Save this paper

Institutional and Regulatory Frameworks of Privatisation and FDI: A Comparative Study between Egypt and Argentina

Author

Listed:
  • R I F Naguib

    (University of Bath
    University of the West of England)

Abstract

This paper aims at investigating the difference between the Egyptian and Argentinean approach to privatisation and FDI and how their different policies, institutions and regulations affected the progress of their respective privatisation programmes and FDI participation. The analysis indicates that, in Egypt, the legal framework of privatisation did not explicitly incorporate FDI participation. FDI regulations were developed separately from privatisation regulations. As a result, a foreign investor in Egypt is faced with multiple laws and multiple regulating agencies for FDI. Unlike in Argentina, the legal framework of privatisation explicitly incorporated the participation of FDI, and FDI regulations were totally liberalised. This explains why FDI participation in Argentine privatisation during 1989 – 2000 accounted for 63% of privatisation proceeds, while, in Egypt, FDI participation accounted for only 24% of privatisation proceeds during 1993 – 2000.

Suggested Citation

  • R I F Naguib, 2009. "Institutional and Regulatory Frameworks of Privatisation and FDI: A Comparative Study between Egypt and Argentina," Department of Economics Working Papers 20/09, University of Bath, Department of Economics.
    • Handle: RePEc:eid:wpaper:15959
    as

    Download full text from publisher

    File URL: https://purehost.bath.ac.uk/ws/files/363453/2009.pdf
    File Function: Final published version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sepúlveda, Ernesto & Coloma, Germán & Gómez, Ana María & Corona, Rossana & Trujillo, Juan Pablo & Jaramillo, Lino & Gerchunoff, Pablo & Zuleta, Luis Alberto & Ramírez, Gustavo Adolfo & Hachette, Domin, 1993. "Privatization in Latin America," IDB Publications (Books), Inter-American Development Bank, number 334, December.
    2. Clarke, George R. G. & Cull, Robert, 1999. "Provincial bank privatization in Argentina : the why, how, and"so what"?," Policy Research Working Paper Series 2159, The World Bank.
    3. Attiat F. Ott & Keith Hartley (ed.), 1991. "Privatization And Economic Efficiency," Books, Edward Elgar Publishing, number 345.
    4. World Bank, 2002. "World Development Indicators 2002," World Bank Publications - Books, The World Bank Group, number 13921.
    5. Ernesto Sepúlveda & Germán Coloma & Ana María Gómez & Rossana Corona & Juan Pablo Trujillo & Lino Jaramillo & Pablo Gerchunoff & Luis Alberto Zuleta & Gustavo Adolfo Ramírez & Dominique Hachette & Gui, 1993. "Privatization in Latin America," IDB Publications (Books), Inter-American Development Bank, number 44638 edited by Rossana Corona & Manuel Sánchez, February.
    6. Mohammed Omran, 2008. "The Performance of State-Owned Enterprises and Newly Privatized Firms: Does Privatization Really Matter?," Chapters, in: José María Fanelli & Lyn Squire (ed.), Economic Reform in Developing Countries, chapter 10, Edward Elgar Publishing.
    7. Urbiztondo, Santiago, 1998. "Direct Foreign Investment in Argentina: Evolution, New Challenges and Perspectives," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 1), pages 459-482.
    8. Clarke, George R. G. & Cull, Robert, 1999. "Why Privatize? The Case of Argentina's Public Provincial Banks," World Development, Elsevier, vol. 27(5), pages 865-886, May.
    9. repec:idb:brikps:44638 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    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. repec:eid:wpaper:20/09 is not listed on IDEAS
    2. Laarman, Jan G., 1995. "Government Policies Affecting Forests in Latin America: An Agenda for Discussion," IDB Publications (Working Papers) 6297, Inter-American Development Bank.
    3. Jan G. Laarman, 1995. "Government Policies Affecting Forests in Latin America: An Agenda for Discussion," IDB Publications (Working Papers) 25498, Inter-American Development Bank.
    4. Alberto Chong & Florencio de, 2003. "The Truth about Privatization in Latin America," Yale School of Management Working Papers ysm436, Yale School of Management.
    5. Omran, Mohammed, 2007. "Privatization, State Ownership, and Bank Performance in Egypt," World Development, Elsevier, vol. 35(4), pages 714-733, April.
    6. Clarke, George R.G. & Cull, Robert, 2005. "Bank privatization in Argentina: A model of political constraints and differential outcomes," Journal of Development Economics, Elsevier, vol. 78(1), pages 133-155, October.
    7. Clarke, George R. G. & Cull, Robert & D'Amato, Laura & Molinari, Andrea, 1999. "The effect of foreign entry on Argentina's domestic banking sector," Policy Research Working Paper Series 2158, The World Bank.
    8. Phi, Nguyet Thi Minh & Taghizadeh-Hesary, Farhad & Tu, Chuc Anh & Yoshino, Naoyuki & Kim, Chul Ju, 2019. "Performance Differential Between Private and State-Owned Enterprises: An Analysis of Profitability and Leverage," ADBI Working Papers 950, Asian Development Bank Institute.
    9. repec:ilo:ilowps:366690 is not listed on IDEAS
    10. Bozec, Richard, 2004. "L’analyse comparative de la performance entre les entreprises publiques et les entreprises privées : le problème de mesure et son impact sur les résultats," L'Actualité Economique, Société Canadienne de Science Economique, vol. 80(4), pages 619-654, Décembre.
    11. Lu, Susan Feng & Dranove, David, 2013. "Profiting from gaizhi: Management buyouts during China’s privatization," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 634-650.
    12. Ramon Moreno & Agustin Villar, 2005. "The increased role of foreign bank entry in emerging markets," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and monetary policy in emerging markets, volume 23, pages 9-16, Bank for International Settlements.
    13. Ludger Wößmann, 2005. "Educational Production in East Asia: The Impact of Family Background and Schooling Policies on Student Performance," German Economic Review, Verein für Socialpolitik, vol. 6(3), pages 331-353, August.
    14. Nancy Birdsall, 2002. "A Stormy Day on an Open Field: Asymmetry and Convergence in the Global Economy," RBA Annual Conference Volume (Discontinued), in: David Gruen & Terry O'Brien & Jeremy Lawson (ed.),Globalisation, Living Standards and Inequality: Recent Progress and Continuing Challenges, Reserve Bank of Australia.
    15. Marijke Verpoorten & Lode Berlage, 2004. "Genocide and land scarcity: Can Rwandan rural households manage?," CSAE Working Paper Series 2004-15, Centre for the Study of African Economies, University of Oxford.
    16. Jamison, Eliot A. & Jamison, Dean T. & Hanushek, Eric A., 2007. "The effects of education quality on income growth and mortality decline," Economics of Education Review, Elsevier, vol. 26(6), pages 771-788, December.
    17. Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, University Library of Munich, Germany, revised 16 Jun 2003.
    18. Busse, Matthias, 2004. "On the determinants of core labour standards: the case of developing countries," Economics Letters, Elsevier, vol. 83(2), pages 211-217, May.
    19. Malte LÜBKER, 2004. "Globalization and perceptions of social inequality," International Labour Review, International Labour Organization, vol. 143(1-2), pages 91-128, March.
    20. Clarke, George R. G. & Cull, Robert, 1999. "Provincial bank privatization in Argentina : the why, how, and"so what"?," Policy Research Working Paper Series 2159, The World Bank.
    21. Dodzin, Sergei & Vamvakidis, Athanasios, 2004. "Trade and industrialization in developing economies," Journal of Development Economics, Elsevier, vol. 75(1), pages 319-328, October.
    22. Robert Kirk & Matthew Stern, 2005. "The New Southern African Customs Union Agreement," The World Economy, Wiley Blackwell, vol. 28(2), pages 169-190, February.

    More about this item

    Keywords

    egypt; fdi; argentina; regulations; privatisation;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:eid:wpaper:15959. 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: Scholarly Communications Librarian (email available below). General contact details of provider: https://edirc.repec.org/data/debatuk.html .

    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.