Privatization of Public Sector Enterprises in Pakistan: Prospects for Reducing Regional Imbalances
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This paper tests the somewhat counterintuitive hypothesis that public firms are more efficient than their private sector counterparts. A factor analysis (9 industrial groups/34 industries) indicated that for all Pakistani provinces, public enterprises contributed relatively more value added which supports the findings of Naqvi and Kamal. The paper also concludes that a policy to reduce Pakistan's regional income disparities by privatizing public enterprises would likely be ineffective.
Review of Urban and Regional Development Studies, July 1995.Refereed Journal Article