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Title: Nationalization and the Zambian copper mining industry
Author: Cunningham, Simon John
Awarding Body: University of Edinburgh
Current Institution: University of Edinburgh
Date of Award: 1986
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This thesis examines whether the performance of a mineral industry in a developing country changed after its nationalization. The criteria for evaluating the performance of a mineral industry were set out at the beginning of the thesis, drawing on the economic theory of the exhaustion of mineral resources and on the considerations of how to determine efficiency that have been at the forefront of the recent debate about the efficiency of the private as opposed to the public sector. The industry to be examined, the copper industry in Zambia, was then placed in its historical and economic context. After compiling and describing the relevant data series for the entire period to be examined, 1960 -1981, the performance of the industry before its nationalization in 1969 was examined. The reasons given at the time for nationalization and for the subsequent cancellation of the management contracts that the former private owners had been awarded were then analyzed, and, in the light of this analysis, the post- nationalization experience of the industry was examined. Two important factors - the war in neighbouring Rhodesia and the collapse of the copper market - could be expected to have affected the industry's performance after nationalization and these were dealt with in a separate chapter. Econometric work on production functions and cost equations produced results that were consistent with the earlier findings that the industry's performance did deteriorate after nationalization and especially after the cancellation of the management contracts.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Economics & economic theory