State-owned Enterprises In A Mixed Economy: Micro Versus Macro Economic Objectives, 1st Edition (e-Book) book cover

State-owned Enterprises In A Mixed Economy

Micro Versus Macro Economic Objectives, 1st Edition

By Mehdi Haririan


198 pages

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pub: 2019-09-09
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A distinctive feature of economic trends of the past three decades has been the increase in microeconomic intervention by state-owned enterprises (SOEs) in the market economies of rich industrial and poor developing nations. The majority of SOEs were established as policy instruments of choice in response to a variety of socioeconomic needs and socio-political problems. As persuasively demonstrated in this book, microeconomic efficiency criteria alone, stemming from the theory of a perfectly competitive economy, are badly designed criteria for public firms. The historical part of the book, in particular, discusses quite compellingly a number of causes other than market failures for the existence of state-owned enterprises. This discussion develops complex answers regarding causes for the existence of public firms.

Table of Contents

1 Growth and Expansion of SOEs, 2 Investment Criteria for SOEs, 3 Financing Sources for SOEs, 4 Empirical Evidence on Operating Surplus, Capital Requirements, and Debt in SOEs 5 Price Formation for SOEs, 6 Conflict in Micro and Macro Objectives of SOEs 7 Pricing Policies: Post-Keynesian and Post-Marxian, Summary and Conclusions

About the Author

Haririan, Mehdi

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