ENGLISH

Where Does the Public Sector End and the Private Sector Begin?

By Ian Lienert

Book information

Publisher
International Monetary Fund
Year
2009
ISBN
9781451916980, 9781451872699
LCC
HB846.5 -- .L54 2009eb
Language
english
Format
EPUB
Filesize
775 kB (793220 bytes)
Series
IMF Working Papers
Edition
1
Pages
32\0
Time added
2023-08-06 04:16:48
Privatization. ; Government business enterprises.

Description

The boundary between the public and private sectors can be defined on the basis of ownership of institutional units. Nonmarket government-owned entities and corporations that are owned or controlled by government units belong to the public sector. “Economic ownership” is more important than majority ownership. Joint ventures, public-private partnerships, and social insurance funds (including for public employees) can be unambiguously allocated to the public or private sector on the basis of international public sector accounting standards. Boundary problems within the public sector are just as acute as those between the public and private sectors, mainly because of ambiguities in distinguishing “market” from “nonmarket” activities.

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