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Privatization in Turkey: Implementation, politics of privatization and performance results

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  • Cevat Karataş

    (Bo&gcaron;aziçi University, Department of Economics, İstanbul, Turkey)

Abstract

The paper provides a comprehensive survey of privatization transastions in Turkey which took place between 1986 and 2000. The objectives of the privatization programme and privatized and nominated SOEs are discussed. The breakdown of total proceeds by sales methods and scope of the privatization programme by economic sectors are examined. The saleability of relatively large public enterprises is reviewed and utilization of privatization proceeds during and after privatization process is critically appraised. In addition, an attempt is made to discuss the politics of privatization by referring to key political and economic factors which have influenced implementation of the privatization programme. Following a short review of the economic environment and macroeconomic indicators in Turkey, focus is also placed on the research results that are available on the performance of public, private and privatized SOEs, particularly in the cement sector. In the final section, some key issues relevant to Turkish privatization are accentuated and some conclusion are drawn. © 2001 John Wiley & Sons, Ltd.

Suggested Citation

  • Cevat Karataş, 2001. "Privatization in Turkey: Implementation, politics of privatization and performance results," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(1), pages 93-121.
    • Handle: RePEc:wly:jintdv:v:13:y:2001:i:1:p:93-121
    DOI: 10.1002/jid.759
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    References listed on IDEAS

    as
    1. Aysit Tansel, 1997. "Workers Displaced Due to Privatization in Turkey:Before Versus After Displacement," Working Papers 9719, Economic Research Forum, revised 12 Apr 1997.
    2. Cevat Karatas, 1992. "Privatization and regulation in Turkey: An assessment," Journal of International Development, John Wiley & Sons, Ltd., vol. 4(6), pages 583-605, November.
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    Cited by:

    1. Sosay, Gül & Zenginobuz, Unal, 2005. "Independent regulatory agencies in emerging economies," MPRA Paper 380, University Library of Munich, Germany.
    2. Okten, Cagla & Arin, K. Peren, 2006. "The Effects of Privatization on Efficiency: How Does Privatization Work?," World Development, Elsevier, vol. 34(9), pages 1537-1556, September.
    3. Eyyuboglu, E. Mustafa, 2006. "Effects of privatization: A case study from Cayirhan coal district, Turkey," Energy Policy, Elsevier, vol. 34(17), pages 3017-3026, November.

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