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Privatization in Transition Economies: Case Study of Poland

Author

Listed:
  • Rapacki, R.
  • Linz, S.J.

Abstract

Contrary to expectations and announcements of policy makers in transition economies, privatization has taken longer than originally planned. This paper analyzes the institutional and behavioral factors that compound systemic barriers to privatization and thus transition from a centrally planned to a market economy. Part I describes the command economy legacy transition economies must overcome while initiating the structural transformation required to introduce a market economy. Part II presents preliminary results from Poland's privatization experience. Part III identifies the anticipated and unanticipated institutional and behavioral barriers to privatization in Poland. Part IV offers several lessons for other transition economies regarding the process and pace of privatization.
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Suggested Citation

  • Rapacki, R. & Linz, S.J., 1992. "Privatization in Transition Economies: Case Study of Poland," Papers 9011, Michigan State - Econometrics and Economic Theory.
    • Handle: RePEc:fth:mistet:9011
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    Cited by:

    1. Kolodko, Grzegorz W. & Nuti, D. Mario, "undated". "The Polish Alternative Old Myths, Hard Facts and New Strategies in the Successful Transformation of the Polish Economy," WIDER Working Papers 295327, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    2. Rapacki, Ryszard, 1999. "Polish Mass Privatisation Programme: The Employee Perceptions," EconStor Conference Papers 130543, ZBW - Leibniz Information Centre for Economics.

    More about this item

    Keywords

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    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

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