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The Criteria for Determining the Method of the State Property Privatization in the Context of the Specifics of the Largest State-Owned Companies Privatization

Author

Listed:
  • Mikheev, A.

    (Expert Advisory Board at the Federal Property Management Agency, Moscow, Russia
    MGIMO, Moscow, Russia)

  • Sokolova, O.

    (Expert Advisory Board at the Federal Property Management Agency, Moscow, Russia
    MGIMO, Moscow, Russia)

Abstract

The article presents the brief overview of the results of privatization in Russia during the period from 1995 to 2013. The privatization of the largest state companies is covered, large-scale privatization deals of the last two years are considered as highly efficient. The paper provides the comparative analysis of the standard or mass privatization mechanism of state (municipal) property and the individual approach to the privatization of the biggest companies with state participation. Based on the results of the analysis the number of criteria is suggested in order to objectively determine by what mechamism (classic or individual) the privatization should take place.

Suggested Citation

  • Mikheev, A. & Sokolova, O., 2015. "The Criteria for Determining the Method of the State Property Privatization in the Context of the Specifics of the Largest State-Owned Companies Privatization," Journal of the New Economic Association, New Economic Association, vol. 25(1), pages 197-204.
  • Handle: RePEc:nea:journl:y:2015:i:25:p:197-204
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    More about this item

    Keywords

    privatization strategy; monitoring the effectiveness of privatization; classical privatization; privatization of major state owned companies; individual approach to privatization; criteria for determining the method of privatization;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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