IDEAS home Printed from https://ideas.repec.org/a/bla/rdevec/v2y1998i3p250-267.html
   My bibliography  Save this article

Piecemeal Reforms in a Transitional Economy

Author

Listed:
  • Elias Dinopoulos
  • Timothy D. Lane

Abstract

Many transitional as well as developing economies have retained large elements of state ownership in some sectors. This paper analyzes the effects of piecemeal reforms in a small open economy in which the state enterprises’ employment and output decisions are the result of bargaining between the state treasury and enterprise “insiders.” Competition policy enhances welfare; privatization in a sector protected from foreign competition increases (lowers) welfare if state enterprises care more (less) for wage raises than for employment increases; and a small increase in the import quota has the usual welfare‐ambiguous effects. A free‐trade policy maximizes national welfare.

Suggested Citation

  • Elias Dinopoulos & Timothy D. Lane, 1998. "Piecemeal Reforms in a Transitional Economy," Review of Development Economics, Wiley Blackwell, vol. 2(3), pages 250-267, October.
    • Handle: RePEc:bla:rdevec:v:2:y:1998:i:3:p:250-267
    DOI: 10.1111/1467-9361.00040
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9361.00040
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9361.00040?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:rdevec:v:2:y:1998:i:3:p:250-267. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.