The economics of public enterprise:
Public enterprises have played a central part in the development of all mixed economies in the post-war period, but they are now in a crisis phase. Privatisation has pushed back the level of public enterprise almost throughout the world. Where public enterprises remain, they are being brought under...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London
Routledge, Taylor & Francis Group
2019
|
| Series: | Routledge library editions. Public enterprise and privatization
volume 13 |
| Subjects: | |
| Summary: | Public enterprises have played a central part in the development of all mixed economies in the post-war period, but they are now in a crisis phase. Privatisation has pushed back the level of public enterprise almost throughout the world. Where public enterprises remain, they are being brought under significant reforms. Originally published in 1991, this book presents a comprehensive critique of public enterprise, analysing why its performance has fallen far short of expectations. Part one is concerned with the establishment of public enterprises: the case for them, the circumstances in which they emerged, the extra enterprise objectives attached to them, and the decisions on their investment feasibility and capital structure. Part two looks at the working of public enterprises: the state of their financial performance, the peculiarities of pricing, the determination of targets which they should meet, the continuous monitoring and evaluation of their operations. Macro concerns are the focus of Part three. Among the issues addressed are the level of indirect taxation and subsidisation implicit in the pricing structures of public enterprises, the links between public enterprise and the public exchequer and the implications of their operations for distributional equity. In Part four the extent to which privatisation can solve the problems of public enterprise is discussed. The book ends with some broad conclusions on the future of public enterprise. Throughout, the approach is analytical, but the arguments are supported by extensive examples from both developed and developing economies |
| Item Description: | "First published in 1991 by Routledge." |
| Physical Description: | Diagramme |
| ISBN: | 9780367190453 |
Staff View
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| 505 | 8 | |a Cover; Half Title; Title Page; Copyright Page; Original Half Title; Original Title Page; Original Copyright Page; Contents; List of Figures; List of Tables; Preface; Part I The Genesis; 1 The concept and rationale of public enterprise; The concept of public enterprise; The rationale of public enterprise: in theory; The political dimension; The rationale of public enterprise by governmental perception; Conclusion; Appendix; 2 The emergence of public enterprise; Nationalisation and sponsoring; Organisational unification; Comparative advantage in reality; Conclusion; Appendices | |
| 505 | 8 | |a 3 Extra-enterprise objectivesThe concept; Extra-enterprise objectives; Public policy; Public enterprise as a medium of extra-enterprise objectives; 'Social responsibilities' of private enterprise; Conclusion; Appendices; 4 Investment and capital structure; The investment; The sources of capital; The capital structure; Restructuring; Conclusion; Appendices; Part II The working; 5 Financial performance; The state of financial performance; Some conceptual issues; Accumulated deficits; Self-financing; The rationale of deficits; Conclusion; Appendices; 6 Pricing; The role of prices | |
| 505 | 8 | |a Pricing and the investment decisionThe price level; The price structures; Distributional prices; Prices in competitive markets; Price control; Conclusion; Appendix; 7 Targets; The concept; The net revenue target; Additional targets; The target system; 'Contracts'; Conclusion; Appendices; 8 Monitoring; The concept of monitoring; Monitoring at the enterprise level; Classifications of indicators; The utility of indicators; Monitoring the totality of public enterprise; Monitoring indicators and performance indicators; Conclusion; Appendices; 9 Evaluation; The concept of evaluation | |
| 505 | 8 | |a The substance of evaluation: a typological approachThe prerequisites of evaluation; The agencies of evaluation; Evaluation in selected countries; The data base for evaluation; Conclusion; Appendices; Part III The macro aspects; 10 Tax and subsidy elements in public enterprise prices; The concept of tax and subsidy elements; The 'related cost'; Policy implications; Tax and subsidy elements: an illustration from the UK; An empirical study; Conclusion; Appendices; 11 Public enterprise and the public exchequer; Special considerations in the case of developing countries | |
| 505 | 8 | |a The typology of the budget linkThe size of exchequer incomes from public enterprises; Exchequer devices for a share in profits; The impacts of public enterprise on the budget; The budgetary process; The budget documentation on public enterprises; Conclusion; Appendices; 12 The distributional effects of public enterprise; Overall relationships; Wage incomes; Prices; Net revenues; Regional development; Conclusion; Appendices; 13 Government relationships with public enterprise; The concept of government relationships with public enterprises; The rationale of government control | |
| 520 | 3 | |a Public enterprises have played a central part in the development of all mixed economies in the post-war period, but they are now in a crisis phase. Privatisation has pushed back the level of public enterprise almost throughout the world. Where public enterprises remain, they are being brought under significant reforms. Originally published in 1991, this book presents a comprehensive critique of public enterprise, analysing why its performance has fallen far short of expectations. Part one is concerned with the establishment of public enterprises: the case for them, the circumstances in which they emerged, the extra enterprise objectives attached to them, and the decisions on their investment feasibility and capital structure. Part two looks at the working of public enterprises: the state of their financial performance, the peculiarities of pricing, the determination of targets which they should meet, the continuous monitoring and evaluation of their operations. Macro concerns are the focus of Part three. Among the issues addressed are the level of indirect taxation and subsidisation implicit in the pricing structures of public enterprises, the links between public enterprise and the public exchequer and the implications of their operations for distributional equity. In Part four the extent to which privatisation can solve the problems of public enterprise is discussed. The book ends with some broad conclusions on the future of public enterprise. Throughout, the approach is analytical, but the arguments are supported by extensive examples from both developed and developing economies | |
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| author | Ramanadham, Venkata Vemuri 1920- |
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| author_facet | Ramanadham, Venkata Vemuri 1920- |
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| contents | Cover; Half Title; Title Page; Copyright Page; Original Half Title; Original Title Page; Original Copyright Page; Contents; List of Figures; List of Tables; Preface; Part I The Genesis; 1 The concept and rationale of public enterprise; The concept of public enterprise; The rationale of public enterprise: in theory; The political dimension; The rationale of public enterprise by governmental perception; Conclusion; Appendix; 2 The emergence of public enterprise; Nationalisation and sponsoring; Organisational unification; Comparative advantage in reality; Conclusion; Appendices 3 Extra-enterprise objectivesThe concept; Extra-enterprise objectives; Public policy; Public enterprise as a medium of extra-enterprise objectives; 'Social responsibilities' of private enterprise; Conclusion; Appendices; 4 Investment and capital structure; The investment; The sources of capital; The capital structure; Restructuring; Conclusion; Appendices; Part II The working; 5 Financial performance; The state of financial performance; Some conceptual issues; Accumulated deficits; Self-financing; The rationale of deficits; Conclusion; Appendices; 6 Pricing; The role of prices Pricing and the investment decisionThe price level; The price structures; Distributional prices; Prices in competitive markets; Price control; Conclusion; Appendix; 7 Targets; The concept; The net revenue target; Additional targets; The target system; 'Contracts'; Conclusion; Appendices; 8 Monitoring; The concept of monitoring; Monitoring at the enterprise level; Classifications of indicators; The utility of indicators; Monitoring the totality of public enterprise; Monitoring indicators and performance indicators; Conclusion; Appendices; 9 Evaluation; The concept of evaluation The substance of evaluation: a typological approachThe prerequisites of evaluation; The agencies of evaluation; Evaluation in selected countries; The data base for evaluation; Conclusion; Appendices; Part III The macro aspects; 10 Tax and subsidy elements in public enterprise prices; The concept of tax and subsidy elements; The 'related cost'; Policy implications; Tax and subsidy elements: an illustration from the UK; An empirical study; Conclusion; Appendices; 11 Public enterprise and the public exchequer; Special considerations in the case of developing countries The typology of the budget linkThe size of exchequer incomes from public enterprises; Exchequer devices for a share in profits; The impacts of public enterprise on the budget; The budgetary process; The budget documentation on public enterprises; Conclusion; Appendices; 12 The distributional effects of public enterprise; Overall relationships; Wage incomes; Prices; Net revenues; Regional development; Conclusion; Appendices; 13 Government relationships with public enterprise; The concept of government relationships with public enterprises; The rationale of government control |
| ctrlnum | (OCoLC)1197707721 (DE-599)BVBBV046629698 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T14:10:30Z |
| indexdate | 2024-07-10T08:49:42Z |
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| isbn | 9780367190453 |
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| spelling | Ramanadham, Venkata Vemuri 1920- Verfasser (DE-588)119013819 aut The economics of public enterprise V.V. Ramanadham London Routledge, Taylor & Francis Group 2019 Diagramme txt rdacontent n rdamedia nc rdacarrier Routledge library editions. Public enterprise and privatization volume 13 "First published in 1991 by Routledge." Cover; Half Title; Title Page; Copyright Page; Original Half Title; Original Title Page; Original Copyright Page; Contents; List of Figures; List of Tables; Preface; Part I The Genesis; 1 The concept and rationale of public enterprise; The concept of public enterprise; The rationale of public enterprise: in theory; The political dimension; The rationale of public enterprise by governmental perception; Conclusion; Appendix; 2 The emergence of public enterprise; Nationalisation and sponsoring; Organisational unification; Comparative advantage in reality; Conclusion; Appendices 3 Extra-enterprise objectivesThe concept; Extra-enterprise objectives; Public policy; Public enterprise as a medium of extra-enterprise objectives; 'Social responsibilities' of private enterprise; Conclusion; Appendices; 4 Investment and capital structure; The investment; The sources of capital; The capital structure; Restructuring; Conclusion; Appendices; Part II The working; 5 Financial performance; The state of financial performance; Some conceptual issues; Accumulated deficits; Self-financing; The rationale of deficits; Conclusion; Appendices; 6 Pricing; The role of prices Pricing and the investment decisionThe price level; The price structures; Distributional prices; Prices in competitive markets; Price control; Conclusion; Appendix; 7 Targets; The concept; The net revenue target; Additional targets; The target system; 'Contracts'; Conclusion; Appendices; 8 Monitoring; The concept of monitoring; Monitoring at the enterprise level; Classifications of indicators; The utility of indicators; Monitoring the totality of public enterprise; Monitoring indicators and performance indicators; Conclusion; Appendices; 9 Evaluation; The concept of evaluation The substance of evaluation: a typological approachThe prerequisites of evaluation; The agencies of evaluation; Evaluation in selected countries; The data base for evaluation; Conclusion; Appendices; Part III The macro aspects; 10 Tax and subsidy elements in public enterprise prices; The concept of tax and subsidy elements; The 'related cost'; Policy implications; Tax and subsidy elements: an illustration from the UK; An empirical study; Conclusion; Appendices; 11 Public enterprise and the public exchequer; Special considerations in the case of developing countries The typology of the budget linkThe size of exchequer incomes from public enterprises; Exchequer devices for a share in profits; The impacts of public enterprise on the budget; The budgetary process; The budget documentation on public enterprises; Conclusion; Appendices; 12 The distributional effects of public enterprise; Overall relationships; Wage incomes; Prices; Net revenues; Regional development; Conclusion; Appendices; 13 Government relationships with public enterprise; The concept of government relationships with public enterprises; The rationale of government control Public enterprises have played a central part in the development of all mixed economies in the post-war period, but they are now in a crisis phase. Privatisation has pushed back the level of public enterprise almost throughout the world. Where public enterprises remain, they are being brought under significant reforms. Originally published in 1991, this book presents a comprehensive critique of public enterprise, analysing why its performance has fallen far short of expectations. Part one is concerned with the establishment of public enterprises: the case for them, the circumstances in which they emerged, the extra enterprise objectives attached to them, and the decisions on their investment feasibility and capital structure. Part two looks at the working of public enterprises: the state of their financial performance, the peculiarities of pricing, the determination of targets which they should meet, the continuous monitoring and evaluation of their operations. Macro concerns are the focus of Part three. Among the issues addressed are the level of indirect taxation and subsidisation implicit in the pricing structures of public enterprises, the links between public enterprise and the public exchequer and the implications of their operations for distributional equity. In Part four the extent to which privatisation can solve the problems of public enterprise is discussed. The book ends with some broad conclusions on the future of public enterprise. Throughout, the approach is analytical, but the arguments are supported by extensive examples from both developed and developing economies Öffentliches Unternehmen (DE-588)4075581-2 gnd rswk-swf Government business enterprises Privatization Economic history / 1945- BUSINESS & ECONOMICS / Industries / General Economic history Since 1945 Öffentliches Unternehmen (DE-588)4075581-2 s DE-604 Erscheint auch als Online-Ausgabe 978-0-429-25929-6 Routledge library editions. Public enterprise and privatization volume 13 (DE-604)BV046890647 13 |
| spellingShingle | Ramanadham, Venkata Vemuri 1920- The economics of public enterprise Routledge library editions. Public enterprise and privatization Cover; Half Title; Title Page; Copyright Page; Original Half Title; Original Title Page; Original Copyright Page; Contents; List of Figures; List of Tables; Preface; Part I The Genesis; 1 The concept and rationale of public enterprise; The concept of public enterprise; The rationale of public enterprise: in theory; The political dimension; The rationale of public enterprise by governmental perception; Conclusion; Appendix; 2 The emergence of public enterprise; Nationalisation and sponsoring; Organisational unification; Comparative advantage in reality; Conclusion; Appendices 3 Extra-enterprise objectivesThe concept; Extra-enterprise objectives; Public policy; Public enterprise as a medium of extra-enterprise objectives; 'Social responsibilities' of private enterprise; Conclusion; Appendices; 4 Investment and capital structure; The investment; The sources of capital; The capital structure; Restructuring; Conclusion; Appendices; Part II The working; 5 Financial performance; The state of financial performance; Some conceptual issues; Accumulated deficits; Self-financing; The rationale of deficits; Conclusion; Appendices; 6 Pricing; The role of prices Pricing and the investment decisionThe price level; The price structures; Distributional prices; Prices in competitive markets; Price control; Conclusion; Appendix; 7 Targets; The concept; The net revenue target; Additional targets; The target system; 'Contracts'; Conclusion; Appendices; 8 Monitoring; The concept of monitoring; Monitoring at the enterprise level; Classifications of indicators; The utility of indicators; Monitoring the totality of public enterprise; Monitoring indicators and performance indicators; Conclusion; Appendices; 9 Evaluation; The concept of evaluation The substance of evaluation: a typological approachThe prerequisites of evaluation; The agencies of evaluation; Evaluation in selected countries; The data base for evaluation; Conclusion; Appendices; Part III The macro aspects; 10 Tax and subsidy elements in public enterprise prices; The concept of tax and subsidy elements; The 'related cost'; Policy implications; Tax and subsidy elements: an illustration from the UK; An empirical study; Conclusion; Appendices; 11 Public enterprise and the public exchequer; Special considerations in the case of developing countries The typology of the budget linkThe size of exchequer incomes from public enterprises; Exchequer devices for a share in profits; The impacts of public enterprise on the budget; The budgetary process; The budget documentation on public enterprises; Conclusion; Appendices; 12 The distributional effects of public enterprise; Overall relationships; Wage incomes; Prices; Net revenues; Regional development; Conclusion; Appendices; 13 Government relationships with public enterprise; The concept of government relationships with public enterprises; The rationale of government control Öffentliches Unternehmen (DE-588)4075581-2 gnd |
| subject_GND | (DE-588)4075581-2 |
| title | The economics of public enterprise |
| title_auth | The economics of public enterprise |
| title_exact_search | The economics of public enterprise |
| title_exact_search_txtP | The economics of public enterprise |
| title_full | The economics of public enterprise V.V. Ramanadham |
| title_fullStr | The economics of public enterprise V.V. Ramanadham |
| title_full_unstemmed | The economics of public enterprise V.V. Ramanadham |
| title_short | The economics of public enterprise |
| title_sort | the economics of public enterprise |
| topic | Öffentliches Unternehmen (DE-588)4075581-2 gnd |
| topic_facet | Öffentliches Unternehmen |
| volume_link | (DE-604)BV046890647 |
| work_keys_str_mv | AT ramanadhamvenkatavemuri theeconomicsofpublicenterprise |