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Privatization, Asset Distribution and Equity in Transitional Economies

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  • Juha Honkkila

Abstract

The economies in transition are experiencing unique changes in the distribution of assets. The growth in the share of private ownership is occurring through the privatization of state-owned assets and through the birth of private firms. The changes in the property rights regime are exceptionally complicated in transitional economies. In the period of central planning the state not only possessed practically all assets, but also provided secure employment, low-priced housing and subsidies for industry.

Suggested Citation

  • Juha Honkkila, 1997. "Privatization, Asset Distribution and Equity in Transitional Economies," WIDER Working Paper Series wp-1997-125, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-1997-125
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    File URL: https://www.wider.unu.edu/sites/default/files/WP125.pdf
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