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Ownership, Competition And Productivity Growth: The Impact Of Liberalisation And Privatisation Upon British Telecom

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  • FOREMAN-PECK, J.

Abstract

Widespread public concern greeted the performance of British Telecom after liberalisation and privatisation, respectively under Acts of 1981 and 1984. This paper presents two methods of examining whether this dissatisfaction is warranted by comparison with what might have been expected from the earlier industry organisation. Both a total factor productivity approach and a small econometric model show that the regime change made little difference to efficiency growth
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Suggested Citation

  • Foreman-Peck, J., 1989. "Ownership, Competition And Productivity Growth: The Impact Of Liberalisation And Privatisation Upon British Telecom," The Warwick Economics Research Paper Series (TWERPS) 338, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:338
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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/1989-1994/twerp338.pdf
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    References listed on IDEAS

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    1. Unknown, 1967. "Index," 1967 Conference, August 21-30, 1967, Sydney, New South Wales, Australia 209796, International Association of Agricultural Economists.
    2. James Foreman-Peck & Dorothy Manning, 1988. "How well is BT performing? An international comparison of telecommunications total factor productivity," Fiscal Studies, Institute for Fiscal Studies, vol. 9(3), pages 54-67, August.
    3. Bernstein, Jeffrey I., 1988. "Dynamic factor demands and adjustment costs: An analysis of bell Canada's Technology," Information Economics and Policy, Elsevier, vol. 3(1), pages 5-24.
    4. Hartley, Nicholas & Culham, Peter, 1988. "Telecommunications Prices under Monopoly and Competition," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 4(2), pages 1-19, Summer.
    5. Wenders, John T. & Egan, Bruce L., 1986. "The implications of economic efficiency for US telecommunications policy," Telecommunications Policy, Elsevier, vol. 10(1), pages 33-40, March.
    6. Kay, J A & Thompson, D J, 1986. "Privatisation: A Policy in Search of a Rationale," Economic Journal, Royal Economic Society, vol. 96(381), pages 18-32, March.
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    Cited by:

    1. A.R. Kemal, 1996. "Why Regulate a Privatised Firm?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 35(4), pages 649-656.

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