Where Does the Public Sector End and the Private Sector Begin?
Electronic Access:
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Summary:
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.
Series:
Working Paper No. 2009/122
Subject:
Business enterprises Financial statements Public enterprises Public investment and public-private partnerships (PPP) Public sector
English
Publication Date:
June 1, 2009
ISBN/ISSN:
9781451872699/1018-5941
Stock No:
WPIEA2009122
Pages:
30
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