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Méthodes de privatisation et évolution de l'output dans les économies en transition

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Abstract

Using a sample of 25 economies in transition from 1990 to 2001, this paper deals with the evolution of output and its relation to the different large-scale privatization policies applied by the countries. Ceteris paribus, we econometrically show that the choice of a privatization policy can lock a country into a path of underdevelopment, especially massive giveaways. We also find that macroeconomic performance gains come from gradual sales to outsiders and policies promoting the emergence of a new private sector (privatization from below)

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  • Fabian Gouret, 2003. "Méthodes de privatisation et évolution de l'output dans les économies en transition," Cahiers de la Maison des Sciences Economiques j04028, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:mse:wpsorb:j04028
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    More about this item

    Keywords

    Transition; macroeconomic performance; privatization;
    All these keywords.

    JEL classification:

    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • P32 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Collectives; Communes; Agricultural Institutions

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