01964cas a2200241 a 4500 AALejournalIMF001305 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855180 1018-5941 BD-DhAAL BD-DhAAL Barnett, Steven. Evidenceon the Fiscal and Macroeconomic Impact of Privatization / Steven Barnett. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically, they are largely used to reduce domestic financing, with little evidence that they are used to finance a larger deficit. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving open the question of what happens to those proceeds not transferred to the budget. The other main finding is that total privatization (as opposed to just the proceeds transferred to the budget) is correlated with an improvement in macroeconomic performance as manifested in higher real GDP growth and lower unemployment. However, this result needs to be interpreted cautiously as the evidence is not sufficient to establish causality. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/130/001.2000.issue-130-en.xml IMF e-Library