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Privatization and Company Restructurings Impact on Serbia

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  • Ivan Stosic

    () (Institute of Economic Sciences, Belgrade, Serbia)

Abstract

Effects of privatization and company restructurings performed up to now in Serbia, besides certain results, are unsatisfying generally observed. One of the key negative consequence of these processes is a severe downfall in number employed persons. However, the conducted analysis suggests that trends of employment (and unemployment) have been intensely influenced by the certain number of other factors, first and foremost by the negative effects of the global financial crisis. Nevertheless, the research indicates that the process privatization and restructuring had undoubtedly a powerful negative impact on the level of employment in Serbia. As though privatization and restructuring of a significant number state owned enterprises (which employ a large number of persons) are still to come, this processes could have a strong further negative impact on employment. Consequently, the paper provides some lessons that can help the policy makers in conducting forthcoming privatization and enterprises restructurings.

Suggested Citation

  • Ivan Stosic, 2014. "Privatization and Company Restructurings Impact on Serbia," Economic Analysis, Institute of Economic Sciences, vol. 47(1-2), pages 127-136.
  • Handle: RePEc:ibg:eajour:v:47:y:2014:i:1-2:p:127-136
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    File URL: http://www.ien.bg.ac.rs/index.php/en/2014/1-2
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    References listed on IDEAS

    as
    1. António Portugal Duarte & João Sousa Andrade, 2012. "How the Gold Standard functioned in Portugal: an analysis of some macroeconomic aspects," Applied Economics, Taylor & Francis Journals, vol. 44(5), pages 617-629, February.
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    More about this item

    Keywords

    employment; privatization; company restructurings; correlation analysis; Serbia;

    JEL classification:

    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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