The key to successful privatisation

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By Leith van Onselen

The latest issue of the Australian Economic Review has published a useful survey of the efficiency effects of asset privatisations across government-owned enterprises since the 1980s, which have yielded sale proceeds of some $194 billion in constant dollar terms since 1987.

The report’s key finding is that Australia’s privatisations have experienced mixed success, with improvements in efficiency primarily dependent on the type of regulation and competition in the sector, rather than the form of ownership:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.