Приватизация и рациональная структура собственности (Privatizatsiya i ratsional’naya struktura sobstvennosti)
[Privatization and the Rational Ownership Structure]
The costs and benefits of privatization are considered, focusing on the current Russian conditions. The experience of many countries, as well as econometric and theoretical studies, a review of which is given in the paper, show that relative efficiency of privatized enterprises in comparison with the state depends on the stage of economic development and quality of institutions. State-owned enterprises may have a number of special functions which are particularly important for developing or resource abundant economies. In particular, they can play the role of agents of modernization to initiate large-scale projects as public-private partnerships. It is shown that the decision on privatization should be considered in the context of a more general problem of finding a rational ownership structure in an economy. Factors affecting the comparative efficiency of public and private enterprises are analyzed. A number of hypotheses are proposed about the shape of dependence of the rational ownership structure on the level of development, the quality of government, and the quality of markets. Recommendations on improvement of the public sector management are formulated.
|Date of creation:||2012|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Roberto Chang & Constantino Hevia & Norman Loayza, 2015.
"Privatization and Nationalization Cycles,"
2015-47, Peruvian Economic Association.
- Chang, Roberto & Hevia, Constantino & Loayza, Norman, 2009. "Privatization and nationalization cycles," Policy Research Working Paper Series 5029, The World Bank.
- Roberto Chang & Constantino Hevia & Norman Loayza, 2010. "Privatization and Nationalization Cycles," NBER Working Papers 16126, National Bureau of Economic Research, Inc.
- Alberto Chong & Florencio Lopez-de-Silanes, 2003.
"The Truth About Privatization in Latin America,"
Research Department Publications
3180, Inter-American Development Bank, Research Department.
- Irina Denisova & Markus Eller & Timothy Frye & Ekaterina Zhuravskaya, 2010.
"Everyone Hates Privatization, but Why? Survey Evidence from 28 Post-Communist Countries,"
w0143, Center for Economic and Financial Research (CEFIR).
- Denisova, Irina & Eller, Markus & Frye, Timothy & Zhuravskaya, Ekaterina, 2012. "Everyone hates privatization, but why? Survey evidence from 28 post-communist countries," Journal of Comparative Economics, Elsevier, vol. 40(1), pages 44-61.
- Irina Denisova & Markus Eller & Timothy Frye & Ekaterina Zhuravskaya, 2012. "Everyone Hates Privatization, but Why? Survey Evidence from 28 Post-Communist Countries," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-00754602, HAL.
- David E. M. Sappington & Joseph E. Stiglitz, 1987.
"Privatization, Information and Incentives,"
NBER Working Papers
2196, National Bureau of Economic Research, Inc.
- Kole, Stacey R & Mulherin, J Harold, 1997. "The Government as a Shareholder: A Case from the United States," Journal of Law and Economics, University of Chicago Press, vol. 40(1), pages 1-22, April.
- Miroslava Straska, 2012. "Does investment improve when firms go private?," Managerial Finance, Emerald Group Publishing, vol. 38(2), pages 124-142, March.
- Patrick Plane, 1997. "Privatization and economic growth: an empirical investigation from a sample of developing market economies," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 161-178.
- Alberto Cavaliere & Simona Scabrosetti, 2008.
"Privatization And Efficiency: From Principals And Agents To Political Economy,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 22(4), pages 685-710, 09.
- Alberto Cavaliere, 2006. "Privatization and Efficiency: from Principals and Agents to Political Economy," Working Papers 2006.99, Fondazione Eni Enrico Mattei.
- Siegmund, Uwe, 1996. "Are there nationalization-privatization cycles? A theoretical survey and first empirical evidence," Kiel Working Papers 757, Kiel Institute for the World Economy (IfW).
- Estrin, Saul & Hanousek, Jan & Kocenda, Evzen & Svejnar, Jan, 2009.
"Effects of privatization and ownership in transition economies,"
Policy Research Working Paper Series
4811, The World Bank.
- 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.
- Polterovich, Victor, 1995. "Towards the Theory of Privatization," MPRA Paper 20151, University Library of Munich, Germany.
- Ha-Joon Chang, 2007. "State-Owned Enterprise Reform," Policy Notes 4, United Nations, Department of Economics and Social Affairs.
- Bernardo Bortolotti & Paolo Pinotti, 2003. "The Political Economy of Privatization," Working Papers 2003.45, Fondazione Eni Enrico Mattei.
- Paul Cook & Yuichiro Uchida, 2008. "The Performance of Privatised Enterprises in Developing Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 44(9), pages 1342-1353.
- Gasmi, Farid & Maingard, Alexis & Noumba Um, Paul & Recuero Virto, Laura, 2011.
"Empirical evidence on the impact of privatization of fixed-line operators on telecommunications performance - Comparing OECD, Latin American, and African countries,"
TSE Working Papers
11-241, Toulouse School of Economics (TSE).
- Gasmi, Farid & Maingard, Alexis & Noumba Um, Paul & Recuero Virto, Laura, 2011. "Empirical evidence on the impact of privatization of fixed-line operators on telecommunications performance - Comparing OECD, Latin American, and African countries," IDEI Working Papers 660, Institut d'Économie Industrielle (IDEI), Toulouse.
- Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 995-1025.
- Bernardo Bortolotti & Valentina Milella, 2006. "Privatization in Western Europe Stylized Facts, Outcomes, and Open Issues," Working Papers 2006.124, Fondazione Eni Enrico Mattei.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:41069. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.