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Dynamic Model of Privatization

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Author Info
Blinov, Alexander
Abstract

The paper develops a simple theoretical framework in which the efficiency of industrial restructuring due to privatization process can be analysed. The dynamic model is based on the approach recently proposed by B. Gibson and A. Dutt (1993). This model is extended through inclusion the assumption of increasing efficiency of workers in state enterprises because of competition with the growing number of private firms. This paper attempts to analyse the optimality of time path of privatization in Ukraine as a country with mixed economy.

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File URL: http://www.ihs.ac.at/publications/eco/east/ro-39.pdf
File Format: application/pdf
File Function: First version, 1996
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Publisher Info
Paper provided by Institute for Advanced Studies in its series East European Series with number 39.

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Length: 24 pages
Date of creation: Sep 1996
Date of revision:
Handle: RePEc:ihs:ihsrop:39

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Related research
Keywords: Economic Dynamics; Transition Economies; Privatization;

Find related papers by JEL classification:
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects

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This page was last updated on 2009-12-9.

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