Public Enterprise Revisited

Download or read book Public Enterprise Revisited written by Chrisafis H. Iordanoglou and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book compares the 1954-79 labour productivity record of five expanding public sector industries to that of 24 expanding, capital intensive, mass-production industries in the British private sector. The author shows that the public sector industries' labour productivity growth was significantly faster than that of the private sector industries. Strikingly, he also finds that the state-owned industries were narrowing their productivity gap with their US counterparts at a significantly faster rate than the private sector industries. Dr. Iordanoglou concludes that it is possible that public ownership had - in the historical period investigated - a long-term positive effect on these industries."--BOOK JACKET.