Privatisation and economic growth in developing countries
重新检验私有化与经济增长的关系，基于63个发展中国家1988-97年数据，采用极端边界分析发现私有化本身对增长无显著正向影响，需配合有效竞争与监管。
This article re-examines the relation between privatisation and economic growth. Previous studies that have attempted to measure this relationship have concluded that privatisation has had a sizeable positive effect on economic growth. Our study uses data for 63 developing countries over the time period 1988-97. It uses the framework of an extreme-bounds analysis (EBA) to conduct a cross-country growth regression analysis. Our findings contradict earlier results, but reaffirm the view that effective competition and its regulation may need to accompany privatisation to make a positive impact on economic growth.