Privatization In The Transition Process
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Privatization In The Transition Process
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Author : United Nations Conference on Trade and Development
language : en
Publisher: [Switzerland] : United Nations Conference on Trade and Development ; [Budapest, Hungary] : KOPINT-DATORG
Release Date : 1994
Privatization In The Transition Process written by United Nations Conference on Trade and Development and has been published by [Switzerland] : United Nations Conference on Trade and Development ; [Budapest, Hungary] : KOPINT-DATORG this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Privatization In Transition Economies
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Author : Ira W. Lieberman
language : en
Publisher: Elsevier
Release Date : 2008
Privatization In Transition Economies written by Ira W. Lieberman and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
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Privatization Market Liberalization And Learning In Transition Economies
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Author : Rachael E. Goodhue
language : en
Publisher:
Release Date : 1996
Privatization Market Liberalization And Learning In Transition Economies written by Rachael E. Goodhue and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Privatization and market liberalization are widely considered to be complementary reforms in transition economies. This paper challenges this view and the closely related "big bang" approach to economic reform. Our analysis suggests that when pursued simultaneously, privatization may actually impede the transition process following market liberalization and reduce social welfare. Our result is based on an explicit model of market learning, which is a vital component of the economic transition process. Compared to a fully-functioning market in a mature market economy, a market in transition is characterized by greater uncertainty regarding market conditions, including free market equilibrium levels of prices and quantities. Market participants must learn about these conditions through their participation in the market process. When the e ects of learning are incorporated into the analysis, the optimal level of privatization decreases monotonically as the level of uncertainty increases.
Privatization In Transition Countries
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Author : Mr.Oleh Havrylyshyn
language : en
Publisher: International Monetary Fund
Release Date : 1999-01-01
Privatization In Transition Countries written by Mr.Oleh Havrylyshyn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises outperform state enterprises. Moreover, the literature identifies de novo firms as being clearly the best performers, followed by outsider-dominated firms, while insider-dominated firms are the least efficient among those newly privatized. The importance of de novo firms in enlarging the private sector in transition economies is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector development. Finally, the paper discusses the importance of providing a suitable market environment for successful private-sector development.
Privatisation And Structural Change In Transition Economies
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Author : Yelena Kalyuzhnova
language : en
Publisher: Springer
Release Date : 2003-09-08
Privatisation And Structural Change In Transition Economies written by Yelena Kalyuzhnova and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-08 with Business & Economics categories.
Privatisation and Structural Change in Transition Economies brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatisation. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programmes.
Lessons From Privatization
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Author : Rolph van der Hoeven
language : en
Publisher: International Labour Organization
Release Date : 1997
Lessons From Privatization written by Rolph van der Hoeven and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book assesses the labor market consequences of privatization in developing countries (the Republic of Korea, India and Mexico) and transition economies (Bulgaria, the Czech Republic, Eastern Germany and Hungary) during the first half of the 1990s. Based on over 20 case studies in seven countries, it considers the effect of privatization on productivity and on the level and structure of employment. The evolving patterns of industrial relations in privatized firms and the subsequent changes in wages, remuneration systems and non-wage benefits are also examined.
The Political Economy Of The Transition Process In Eastern Europe
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Author : Laszlo Somogyi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1993-01-01
The Political Economy Of The Transition Process In Eastern Europe written by Laszlo Somogyi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Business & Economics categories.
'This well-produced book is a worthy contribution to the burgeoning literature on the transition. The editor provides a useful introduction.' - Ian Jeffries, The Economic Journal '. . . provides a useful and readable introduction to many of the most important issues in the "transition process".' - Hugo Radice, Economics of Transition Why has industrial output fallen in Eastern Europe and is further decline inevitable? What lessons can be learned from the stablilization programmes of the first two years of the post-communist era? Should the transitional economies privatize quickly and where do they find the missing institutions essential to the proper working of capitalism? In seeking answers to these and other questions, The Political Economy of the Transition Process in Eastern Europe analyses the difficulties faced by nations attempting to move from a planned to a market economy with special emphasis on issues of macroeconomic stabilization and institutional change.
Privatization And Transition In Russia In The Early 1990s
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Author : Carol Scott Leonard
language : en
Publisher: Routledge
Release Date : 2013-06-19
Privatization And Transition In Russia In The Early 1990s written by Carol Scott Leonard and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-19 with Business & Economics categories.
Few economic events have caused such controversy as the privatization process in Russia. Some see it as the foundation of political and economic freedom. For others it was economics gone wrong, and ended in "Russians stealing money from their own country". As Russia reasserts itself, and its new brand of capitalism, it is ever more important that policy makers and scholars understand the roots of the economic structure and governance of that country; what was decided, who made the decisions and why, what actually transpired, and what implications this has for the future of Russia. This work, written by two senior advisors to the Russian government, has unique access to documentation, tracking the decision making process in the Russian Mass Privatization process. By close reference to events, and supplemented by interviews with many of the key participants, it shows that the policies adopted were often influenced and shaped by different forces than those cited by current popular accounts. The book challenges the interpretation of Russian privatization by some of the West’s most eminent economists. It underlines that economists of all schools, who bring assumptions from the West to the analysis of Russia, may reach false or misleading conclusions. It is an essential guide for anyone interested in Russian economic reform, and anyone who seeks to understand this enigmatic country, and its actions today.
Privatization In Russia
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Author : Dmitri Ouvarovskii
language : en
Publisher: GRIN Verlag
Release Date : 2007-06-16
Privatization In Russia written by Dmitri Ouvarovskii and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-16 with Political Science categories.
Seminar paper from the year 2007 in the subject Politics - Region: Russia, grade: A, York University, language: English, abstract: Fragmentation of state authority, lack of a clear legislative base, unreliability of the legal system, collapse of the industry, bisection of the GDP, runaway inflation, capital flight, rises in crime and corruption, tremendous decline in life expectancy: the political, economic and social results of Russia’s transition from plan to market under Yeltsin are devastating. Within a few years the “mighty” Soviet Union fell back from a major power to a third world economy, dealing with problems like mass poverty and epidemics. In light of these disastrous outcomes the question of what “went right” during the transition process seems to be even more appropriate then the question of what “went wrong”. However, while it seems to be obvious that the stabilization and liberalization attempts by the Russian government predominantly failed, privatization, the third core facet of transition1 , “has been touted as a one of the major successes of the Russian government’s economic transformation policy. By the beginning of 1996 77.2% of medium-size and large enterprises had been privatised, accounting for 88.3% of total industrial output.”2 On the one hand, according to the Russian government’s Western advisers this privatization is the fastest in human history and “seems to be one of the few positive fruit of Russian economic policy since 1991”3. On the other hand, a common point of view is that its implementation led to an unfair distribution of state assets and only benefited a minority of Russian population. This debate is going to be the main focus of this paper. By discussing the general importance of the private sector to a democracy, the aims of privatization, its subsequent reforms, and its results, I intend to assess the contribution of these reforms to the process of Russian democratization.
Privatization In Transition Countries Lessons From The First Decade
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Author : Oleh Havrylyshyn
language : en
Publisher: International Monetary Fund
Release Date : 1999-09-06
Privatization In Transition Countries Lessons From The First Decade written by Oleh Havrylyshyn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-06 with Business & Economics categories.
The authors' view is that any privatisation is better than none, regardless of whether a stable, competitive environment has been established first. However, private companies started from scratch perform best, followed by newly privatised firms run by outsiders, either local or foreign. Privatised companies dominated by insiders do less well, but even they regularly outperform state enterprises. Without an appropriate market environment though, managers may spend more time lobbying the government for support than undertaking painful restructuring measures.