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Privatization in Poland

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Author Info

  • Gianni De Fraja
  • Barbara M. Roberts

Abstract

This article uses the sequencing of privatization to infer the objective pursued by the Polish government in the privatization of its large manufacturing firms in the second half of the 1990s. We construct a model of mixed oligopoly and use it to evaluate the privatization process; our analysis is based on the assumption that firms which furthered the government's objective function the most would be chosen to be privatized first. Based on the features of the firms that were chosen for early privatization, our empirical analysis suggests that welfare maximization was more important than the desire to maximize the revenues from privatization and the government's budget or to minimize employment losses. Copyright (c) 2009 The Authors. Journal compilation (c) 2009 The European Bank for Reconstruction and Development.

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Bibliographic Info

Article provided by The European Bank for Reconstruction and Development in its journal Economics of Transition.

Volume (Year): 17 (2009)
Issue (Month): 3 (07)
Pages: 531-557

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Handle: RePEc:bla:etrans:v:17:y:2009:i:3:p:531-557

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Cited by:
  1. Adam Szentpeteri & Almos Telegdy, 2008. "Political Selection of Firms into Privatization Programs - Evidence from Romanian Comprehensive Data," IEHAS Discussion Papers 0826, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
  2. Niklas Potrafke, 2010. "Labor market deregulation and globalization: empirical evidence from OECD countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 146(3), pages 545-571, September.
  3. Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2003. "An assessment of telecommunications reform in developing countries," Information Economics and Policy, Elsevier, vol. 15(4), pages 443-466, December.
  4. Aguilera, Ruth V. & Kabbach de Castro, Luiz Ricardo & Lee, Jun Ho & You, Jihae, 2011. "Corporate Governance in Emerging Markets," Working Papers 11-0104, University of Illinois at Urbana-Champaign, College of Business.
  5. Christian Bjørnskov & Niklas Potrafke, 2011. "Politics and privatization in Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 19(2), pages 201-230, 04.

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