IDEAS home Printed from https://ideas.repec.org/a/psl/bnlaqr/199443.html
   My bibliography  Save this article

Privatisation in the transition to a market economy

Author

Listed:
  • R. DAVIDDI

    (European Institute of Public Administration)

Abstract

The debate on privatisation, which now concerns Central and Eastern Europe as it transitions to a market-based economy, has centred mostly on the speed of the process, leaving aside important aspects related to the implementation of proper institutional frameworks. The work discusses this issue, reviewing the privatisation experiences of Central and Eastern European countries to date. The theoretical rational for privatisation in these countries is identified, various methods are reviewed and their application to the countries in question are addressed. Targets, constraints and implications are identified and a preliminary assessment is provided.

Suggested Citation

  • R. Daviddi, 1994. "Privatisation in the transition to a market economy," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 399-429.
  • Handle: RePEc:psl:bnlaqr:1994:43
    as

    Download full text from publisher

    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10534/10419
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dhanji, Farid & Milanovic, Branko, 1991. "Privatization in Eastern and Central Europe : objectives, constraints, and models of divestiture," Policy Research Working Paper Series 770, The World Bank.
    2. Frydman, Roman & Rapaczynski, Andrzej, 1991. "Privatization and Corporate Governance in Eastern Europe: Can a Market Economy Be Designed?," Working Papers 91-52, C.V. Starr Center for Applied Economics, New York University.
    3. Estrin, Saul & Perotin, Virginie, 1991. "Does ownership always matter?," International Journal of Industrial Organization, Elsevier, vol. 9(1), pages 55-72, March.
    4. I Grosfeld & P Hare, 1991. "Privatization in Hungary," CEP Discussion Papers dp0031, Centre for Economic Performance, LSE.
    5. Eduardo Borensztein & Manmohan S. Kumar, 1991. "Proposals for Privatization in Eastern Europe," IMF Staff Papers, Palgrave Macmillan, vol. 38(2), pages 300-326, June.
    6. O Blanchard & Richard Layard, 1991. "How to Privatise," CEP Discussion Papers dp0050, Centre for Economic Performance, LSE.
    7. Sachs, Jeffrey D, 1992. "Privatization in Russia: Some Lessons from Eastern Europe," American Economic Review, American Economic Association, vol. 82(2), pages 43-48, May.
    8. Željko Bogetić, 1993. "The role of employee ownership in Privatisation of state enterprises in eastern and central Europe," Europe-Asia Studies, Taylor & Francis Journals, vol. 45(3), pages 463-481.
    9. Saul ESTRIN, 1991. "Privatization In Central And Eastern Europe," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 62(2), pages 159-183, April.
    10. Grosfeld, Irena & Hare, Paul G, 1991. "Privatization in Hungary, Poland and Czechoslovakia," CEPR Discussion Papers 544, C.E.P.R. Discussion Papers.
    11. Roman Frydman & Edmund S. Phelps & Andrzej Rapaczynski & Andrei Shleifer, 1993. "Needed mechanisms of corporate governance and finance in Eastern Europe1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(2), pages 171-207, June.
    12. Mr. Eduardo Borensztein, 1991. "Proposals for Privatization in Eastern Europe," IMF Working Papers 1991/036, International Monetary Fund.
    13. Vuylsteke, C., 1988. "Techniques Of Privatization Of State-Owned Enterprises -," Papers 88, World Bank - Technical Papers.
    14. Bos, Dieter, 1993. "Privatization in Europe: A Comparison of Approaches," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 9(1), pages 95-111, Spring.
    15. Roland, Gerard & Verdier, Thierry, 1994. "Privatization in Eastern Europe : Irreversibility and critical mass effects," Journal of Public Economics, Elsevier, vol. 54(2), pages 161-183, June.
    16. Sadowski, Zdzislaw L, 1991. "Privatization in Eastern Europe: Goals, Problems, and Implications," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 7(4), pages 46-56, Winter.
    17. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, December.
    18. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    19. Stanley Fischer, 1991. "Privatization in East European Transformation," NBER Working Papers 3703, National Bureau of Economic Research, Inc.
    20. Frydman, Roman & Rapaczynski, Andrzej, 1991. "Evolution and Design in the East European Transition," Working Papers 91-53, C.V. Starr Center for Applied Economics, New York University.
    21. R Buckland & E W Davis, 1984. "Privatisation techniques and the PSBR," Fiscal Studies, Institute for Fiscal Studies, vol. 5(3), pages 44-53, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Abroskin A.S. (Аброскин, А.С.) & Abroskina N.A. (Аброскина, Н.А.), 2016. "Shadow Cross-Border Capital Flows: Contemporary Concepts, Principles and Information Base of Accounting and Measurement [Теневые Трансграничные Потоки Капитала: Современные Концепции, Принципы И Ин," Working Papers 2135, Russian Presidential Academy of National Economy and Public Administration.
    2. Abroskin A.S. (Аброскин, А.С.) & Abroskina N.A. (Аброскина, Н.А.), 2016. "Methods of Analysis of Shadow of Cross-Border Capital Flows [Методы Анализа Теневых Трансграничных Потоков Капитала]," Working Papers 2134, Russian Presidential Academy of National Economy and Public Administration.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. R. Daviddi, 1994. "Privatisation in the transition to a market economy," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 399-429.
    2. Tardos, Márton, 1998. "Sikeres-e a privatizáció?. Magyarországi tapasztalatok (1990-1997) [Has privatization been successful?. Hungarian experiences 1990-1997]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 317-332.
    3. Karp, Larry & Stefanou, Spiro, 1991. "Polish Agriculture in Transition: Does it Hurt to be Slapped by an Invisible Hand?," CUDARE Working Papers 198594, University of California, Berkeley, Department of Agricultural and Resource Economics.
    4. Feldmann, Horst, 1993. "Die Eigentumstheorien Lockes und Humes und ihre Lehren für den Aufbau privatwirtschaftlicher Eigentumsordnungen in den Transformationsländern," Tübinger Diskussionsbeiträge 30, University of Tübingen, School of Business and Economics.
    5. MARINI, Marco, 1996. "Property Rights and Market : Employee Privatization as a Cooperative Bargaining Process," LIDAM Discussion Papers CORE 1996023, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Blangiewicz, Maria & Charemza, Wojciech W., 1999. "East European Economic Reform: Some Simulations on a Structural Vector Autoregressive Model," Journal of Policy Modeling, Elsevier, vol. 21(5), pages 535-557, September.
    7. Evans, Lewis, 1998. "The Theory and Practice of Privatisation," Working Paper Series 3936, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    8. Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
    9. Evans, Lewis, 1998. "The Theory and Practice of Privatisation," Working Paper Series 19035, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    10. Florencio López-de-Silanes, 1997. "Determinants of Privatization Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 965-1025.
    11. repec:vuw:vuwscr:19035 is not listed on IDEAS
    12. Zhang, Yinfang & Parker, David & Kirkpatrick, Colin, 2005. "Competition, regulation and privatisation of electricity generation in developing countries: does the sequencing of the reforms matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 358-379, May.
    13. Hyvärinen, Jari, 2004. "EU Outsourcing to the East, Governance and Innovation Systems in the Baltic Countries - A Three-Stage Approach," Discussion Papers 934, The Research Institute of the Finnish Economy.
    14. Paul G. Hare, 1991. "Hungary: In Transition to a Market Economy," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 195-201, Fall.
    15. Judit Karsai & Mike Wright & Igor Filatotchev, 1997. "Venture Capital in Transition Economies: The Case of Hungary," Entrepreneurship Theory and Practice, , vol. 21(4), pages 93-110, July.
    16. Robert Holzmann, 1993. "Reforming old-age pensions systems in Central and Eastern European countries in transition," Journal of Economics, Springer, vol. 58(1), pages 191-218, December.
    17. Stephan, Paul III, 1996. "Toward a positive theory of privatization--lessons from soviet-type economies," International Review of Law and Economics, Elsevier, vol. 16(2), pages 173-193, June.
    18. Mike Wright & Judit Karsai & Zbigniew Dudzinski & Jan Morovic, 1999. "Transition and Active Investors: Venture Capital in Hungary, Poland and Slovakia," Post-Communist Economies, Taylor & Francis Journals, vol. 11(1), pages 27-46.
    19. Jocelyn Horne, 1995. "The Economics of Transition and the Transition of Economics," The Economic Record, The Economic Society of Australia, vol. 71(4), pages 379-392, December.
    20. Edgar L. Feige, 2003. "The Transition to a Market Economy in Russia: Property Rights, Mass Privatization and Stabilization," Development and Comp Systems 0312001, University Library of Munich, Germany.
    21. Grosfeld, Irena, 1990. "Reform Economics and Western Economic Theory: Unexploited Opportunities," Economic Change and Restructuring, Springer, vol. 23(1), pages 1-19.

    More about this item

    Keywords

    Privatisation; Central and Eastern Europe;

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

    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:psl:bnlaqr:1994:43. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Carlo D'Ippoliti (email available below). General contact details of provider: http://www.economiacivile.it .

    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.