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Privatisation in Poland: Ten Years After

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  • Maciej Baltowski
  • Tomasz Mickiewicz

Abstract

The purpose of this article is to compare economic discussion on privatisation, expected privatisation outcomes and actual results in Poland. First it discusses the privatisation of state enterprises in the broader context of the economic transformation programme designed and introduced at the end of 1989 and the beginning of 1990. It examines the choice of privatisation methods, the political economy of privatisation and the three major policy issues: pace of privatisation, sequence of privatisation and the authority to initiate and carry out privatisation. The final section compares privatisation blueprints and actual results. The appendix presents a detailed technical guide to the privatisation methods in Poland and a basic set of figures illustrating the outcome.

Suggested Citation

  • Maciej Baltowski & Tomasz Mickiewicz, 2000. "Privatisation in Poland: Ten Years After," Post-Communist Economies, Taylor & Francis Journals, vol. 12(4), pages 425-443.
    • Handle: RePEc:taf:pocoec:v:12:y:2000:i:4:p:425-443
    DOI: 10.1080/14631370050216498
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    References listed on IDEAS

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    1. Robert Chudzik, 1998. "Banks as 'agents of change': Experience with restructuring of bad debts in Poland," Post-Communist Economies, Taylor & Francis Journals, vol. 10(4), pages 467-493.
    2. Iraj Hashi, 1999. "The Polish National Investment Fund Programme: Mass Privatisation With A Difference," Working Papers 995, Staffordshire University, Business School.
    3. Mr. Oleh Havrylyshyn & Mr. Donal McGettigan, 1999. "Privatization in Transition Countries: A Sampling of the Literature," IMF Working Papers 1999/006, International Monetary Fund.
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    Cited by:

    1. Tomasz Mickiewicz, 2009. "Hierarchy of governance institutions and the pecking order of privatisation: Central-Eastern Europe and Central Asia reconsidered," Post-Communist Economies, Taylor & Francis Journals, vol. 21(4), pages 399-423.
    2. Matuszak Piotr, 2020. "What determines the scale of state ownership in enterprises? Some evidence from post-socialist countries," Economics and Business Review, Sciendo, vol. 6(4), pages 95-117, December.
    3. Igor Filatotchev & Tomasz Mickiewicz, 2001. "Ownership Concentration, 'Private Benefits of Control' and Debt Financing," UCL SSEES Economics and Business working paper series 4, UCL School of Slavonic and East European Studies (SSEES).
    4. Lawrence P. King, 2003. "Explaining Postcommunist Economic Performance," William Davidson Institute Working Papers Series 2003-559, William Davidson Institute at the University of Michigan.
    5. Kate Bishop & Igor Filatotchev & Tomasz Mickiewicz, 2002. "Endogenous ownership structure: factors affecting the post-privatisation equity in largest Hungarian firms," UCL SSEES Economics and Business working paper series 5, UCL School of Slavonic and East European Studies (SSEES).
    6. Aleksander Grad & Jakub Karnowski & Andrzej Rzońca, 2022. "Jak powiązać prywatyzację i rozwój filara kapitałowego w systemie emerytalnym – propozycja," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 4, pages 484-508.
    7. Wladimir Andreff, 2003. "Le gouvernement d’entreprise à l’Est : vers un modèle de contrôle centre-européen ?," Revue d'Économie Financière, Programme National Persée, vol. 72(3), pages 173-199.

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