Abstract

ESPINOZA RODRIGUEZ, Julio César. Privatization of state-owned enterprises in Costa Rica: how much could it contribute to reducing the fiscal deficit?. Economía y Sociedad [online]. 2021, vol.26, n.60, pp.56-74. ISSN 2215-3403.  http://dx.doi.org/10.15359/eys.27-60.5.

A review of the literature on privatizations leads to mixed and contradictory conclusions concerning the effect of privatizations on the economy. Therefore, the conclusions of each study must be contextualized and adapted to each reality, so that their implementation in practice does not have negative effects on society. In the specific case of Costa Rica, some individuals have advanced the idea that the sale of state-owned assets would pay a large part, or all, of the country's debt. This is untrue, since the impact of such sales would be miniscule; it seems that those who propose thia as a “cure-all remedy” either did not make the necessary calculations, or are carried away by ideological approaches or simply by the imitation effect.

Keywords : Privatizations; budget deficit; public assets.

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