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Political Economy of Privatisation in Estonia

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  • A. Purju
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    Abstract

    This paper surveys the pre-conditions for privatisation in Estonia and the respective concepts of different governments. The paper will also identify the most important features of different legislation which have determined the path of privatisation in Estonia. The methods and results of small-scale privatisation, large-scale privatisation, restitution and land reform are also discussed. A special section is dedicated to the analysis of the Estonian voucher scheme and the privatisation of dwellings. It is argued, that although a very complicated privatisation scheme has been created, the process has continued in Estonia during the period 1990-1995 without major setbacks. The private sector has achieved a dominant role in the economy, due in part to privatisation and the emergence of a set of new private firms.

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    File URL: http://www.sml.hw.ac.uk/downloads/cert/wpa/1996/dp9602.pdf
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    Bibliographic Info

    Paper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 9602.

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    Date of creation: 1996
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    Handle: RePEc:hwe:certdp:9602

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    Cited by:
    1. J.R. Davis, 1996. "The Political Economy and Institutional Aspects of the Process of Privatizing Farming," CERT Discussion Papers 9607, Centre for Economic Reform and Transformation, Heriot Watt University.
    2. J.R. Davis, 1997. "Understanding the Process of Decollectivization and Agricultural Privatisation in Transition Economies: The Distribution of Collective and State Farm Assets in Latvia and Lithuania," CERT Discussion Papers 9709, Centre for Economic Reform and Transformation, Heriot Watt University.
    3. Mygind, Niels, 1998. "The Internationalization of the Baltic Economies," UCAIS Berkeley Roundtable on the International Economy, Working Paper Series qt9dm7j6r9, UCAIS Berkeley Roundtable on the International Economy, UC Berkeley.

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