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Trois enjeux des privatisations à l'Est


  • Grosfeld, I.
  • Senik-Leygonie, C.


[eng] This paper underiines the main objectives and trade-offs faced by Central and Eastern European countries. It describes the strategies adopted by Poland, Rus­sia and the Czech Republic as being dominated respectively by three objectives : enterprise restructuring, depoliticization of the economy and the emergence of market institutions. [fre] Cet article met en lumière les objectifs essentiels de la privatisation en Europe centrale et orientale, la manière dont les différents pays ont arbitré entre ces der­niers ainsi que les fondements théoriques de leurs choix. Il décrit la stratégie adoptée par la Pologne, la Russie et la République tchèque comme étant domi­nées respectivement par le souci de la restructuration des entreprises, de la dépo­litisation de l'économie et de l'émergence des institutions indispensables au marché.
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Suggested Citation

  • Grosfeld, I. & Senik-Leygonie, C., 1996. "Trois enjeux des privatisations à l'Est," DELTA Working Papers 96-16, DELTA (Ecole normale supérieure).
  • Handle: RePEc:del:abcdef:96-16

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    References listed on IDEAS

    1. Igor Filatotchev & Irena Grosfeld & Judit Karsai & Mike Wright & Trevor Buck, 1996. "Buy-outs in Hungary, Poland and Russia: governance and finance issues," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 67-88, May.
    2. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
    3. Aghion, Philippe & Tirole, Jean, 1997. "Formal and Real Authority in Organizations," Journal of Political Economy, University of Chicago Press, vol. 105(1), pages 1-29, February.
    4. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    5. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation," Scholarly Articles 29407535, Harvard University Department of Economics.
    6. Brown, A.N. & Ickes, B. & Ryterman, R., 1993. "The Myth of Monopoly: A New View of Industrial Structure in Russia," Papers 10-93-5, Pennsylvania State - Department of Economics.
    7. Pinto, Brian & Belka, Marek & Krajewski, Stefan, 1993. "Transforming state enterprises in Poland : macroeconomic evidence on adjustment," Policy Research Working Paper Series 1101, The World Bank.
    8. Grosfeld, Irena & Roland, Gérard, 1995. "Defensive and Strategic Restructuring in Central European Enterprises," CEPR Discussion Papers 1135, C.E.P.R. Discussion Papers.
    9. Pelikan, P, 1992. "The Dynamics of Economic Systems, or How to Transform a Failed Socialist Economy," Journal of Evolutionary Economics, Springer, vol. 2(1), pages 39-63, March.
    10. Mathias Dewatripont & Gérard Roland, 1996. "Transition as a process of large-scale institutional change," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 1-30, May.
    11. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
    12. Mathias Dewatripont & Jean Tirole, 1994. "A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 1027-1054.
    13. Olivier Bouin & Irena Grosfeld, 1995. "Crédibilité des réformes et ajustement des entreprises en Pologne et en République tchèque," Revue Économique, Programme National Persée, vol. 46(3), pages 775-786.
    14. 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.
    15. Sanford J. Grossman & Oliver D. Hart, 1980. "Takeover Bids, the Free-Rider Problem, and the Theory of the Corporation," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 42-64, Spring.
    16. Wendy Carlin & John Van Reenen & Toby Wolfe, 1995. "Enterprise restructuring in early transition: the case study evidence from Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 3(4), pages 427-458, December.
    17. Brian Pinto & Marek Belka & Stefan Krajewski, 1993. "Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1), pages 213-270.
    18. Alesina, Alberto & Drazen, Allan, 1991. "Why Are Stabilizations Delayed?," American Economic Review, American Economic Association, vol. 81(5), pages 1170-1188, December.
    19. Bengt Holmstrom, 1979. "Moral Hazard and Observability," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
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    Cited by:

    1. Fabian Gouret, 2003. "Méthodes de privatisation et évolution de l'output dans les économies en transition," Cahiers de la Maison des Sciences Economiques j04028, Université Panthéon-Sorbonne (Paris 1).
    2. Jacques Blanchet & Alain Revel & Alexandra Linglin & Nathalie Kosciusko-Morizet & Véronique Wormser, 1997. "L'intégration des PECO à la nouvelle PAC. Une double révolution inachevée," Économie rurale, Programme National Persée, vol. 240(1), pages 49-58.

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