Determinants of Privatisation in Selected Sub-Saharan African Countries: Is Privatisation Politically Induced?

Abstract

While African governments and international donors generally support privatisation for stabilisation as an imperative of public finance problems, academicians are more inclined to discuss the efficiency gains of privatisation. Antithetically, some political economists argue that whereas African governments actually de-emphasise privatisation, donors mainly insist on privatisation to promote neoclassical views without offering an alternative to state reform. This paper realises that the main purposes of privatisation in Sub-Saharan Africa have, so far, been multidimensional. It envisages, empirically, the determinants of privatisation in Sub-Saharan Africa using a probit model over the period 1970-1994. The results are supportive of the hypothesis that privatisation in the sample countries is induced by macro-instability and political bias.

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