NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Privatization and Nationalization Cycles

Roberto Chang, Constantino Hevia, Norman Loayza

NBER Working Paper No. 16126
Issued in June 2010

---- Acknowledgements -----

For excellent research assistance, we are grateful to Luis Fernando Castro,Teresa Fort, and Tomoko Wada. We also thank Yuki Ikeda for editorial assistance. We have benefitted from insightful conversations and comments from Ximena Del Carpio, Tito Cordella, Eduardo Engel, Aart Kraay, Justin Lin, Osmel Manzano, Juan Antonio Morales, Claudio Raddatz, Roberto Rigobón, Luis Servén and seminar participants at the World Bank, the Atlanta Fed, the Inter-American Development Bank, and the Conference on Development Economics, Bolivia 2009. We gratefully recognize the financial support from the World Bank's Knowledge for Change Program and the Latin America and Caribbean Flagship Report on "The Role of Commodities." The views expressed in this paper are those of the authors, and do not necessarily reflect those of the World Bank, their Boards of Directors, the countries they represent, or the National Bureau of Economic Research.

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