Political economy scholarship suggests that private sector investment, and thus economic growth, is more likely to occur when formal institutions allow states to provide investors with credible commitments to protect property rights. This book argues that this maxim does not hold for infrastructure privatization programs. Rather, differences in firm organizational structure better explain in the viability of privatization contracts in weak institutional environments. Domestic investors or, if contracts are granted subnationally, domestic investors with diverse holdings in their contract...
Political economy scholarship suggests that private sector investment, and thus economic growth, is more likely to occur when formal institutions allo...
