State ownership

Summary

State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned enterpris

Official source

https://en.wikipedia.org/wiki/State_ownership

About this result

This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.

Related publications (9)

Related publications

Related people

Related units

Related concepts (33)

Related concepts

Related courses (3)

Related courses

Related lectures (7)

Related lectures

Where is my self? Investigating the sense of body ownership in virtual reality

Laura Bamert, Fred Mast, Julien Racle, Jonathan Rentsch, Pascal Resin, Fabienne Riche, Simon Ruffieux

2007

Evidence on the effect of liberalisation and competition on innovation in the postal sector

Cátia Alexandra Pereira Felisberto

This paper empirically assesses the effect of liberalisation and competition on innovation in the postal sector. The analysis is restricted to end-to-end competition. The effect on the incentives to innovate of public ownership, letter volume, and other control variables is also tested. Data on liberalisation, competition and innovation in the postal sector is collected for seventeen European countries, over ten years. Three measures are used as proxies for innovation: (1) an innovation index based on a survey conducted for this purpose; (2) the accumulated number of innovations (based on the same survey); and (3) labour productivity. We also develop a liberalisation index in order to measure the percentage of market liberalised (in terms of letter volume). Several models are estimated by GLS and using PW-PCSE. In general, the models estimated have a high explanatory power. We find evidence that market liberalisation has a positive effect on innovation and that an increase in the market share of the competitors stimulates the investment in innovation, at least until the market share of the competitors reaches a certain threshold. Letter volume is also significant and has a positive impact on innovation. GDP per capita turns out to be significant and to have a positive relationship with innovation in all the models estimated.

2008

This paper empirically assesses the effect of liberalisation and competition on innovation in the postal sector. The analysis is restricted to end-to-end competition. The effect on the incentives to innovate of letter volume, public ownership and other control variables is also tested. Data on liberalisation, competition and innovation in the postal sector is collected for seventeen European countries over eleven years. Three measures are used as proxies for innovation: (1) an innovation index based on a survey conducted for this purpose; (2) the accumulated number of innovations (based on the same survey); and (3) labour productivity. We also develop a liberalisation index to measure the percentage of market liberalised (in terms of letter volume). Several models are estimated by GLS. In general, the models estimated have a high explanatory power. We find evidence that market liberalisation has a positive effect on innovation and that an increase in the market share of the competitors stimulates the investment in innovation, at least until the market share of the competitors reaches a certain threshold. Letter volume is also significant and has a positive impact on innovation. GDP per capita turns out to be significant and has a positive relationship with innovation in all the models estimated.

Springer-Verlag2013