IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

Приватизация И Рациональная Структура Собственности. Часть 2. Рационализация Структуры Собственности
[Privatization and the rational ownership structure. Part 2: rationalization of the ownership structure]

Listed author(s):
  • Polterovich (Полтерович), Victor (Виктор)
Registered author(s):

    In the first part of the paper, it was shown that decisions on privatization have to be considered in the context of more general problem of finding a rational property structure in an economy. The second part demonstrates that public enterprises fulfill a number of special functions which are particularly important for developing resource abundant countries. Particularly, they can play a role of the modernization agents which initiate large scale projects in the frameworks of public-private partnerships. A concept of stationary property structure is introduced. A set of stationary structures exists under given conditions; the ”volume” of the set depends on transformation costs of privatization. This explains path-dependence of the observed structures. Some principles of the governance of the property structure are suggested which are supported by the analysis of the Norway experience. The causes of the cyclicity of the privatization policies are discussed, and the reasons of the coming mass privatization in Russia are analyzed. Recommendations are formulated to increase the efficiency of the Russian state sector governance.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: https://mpra.ub.uni-muenchen.de/64168/1/MPRA_paper_64168.pdf
    File Function: original version
    Download Restriction: no

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 64168.

    as
    in new window

    Length:
    Date of creation: 20 Jan 2013
    Publication status: Published in Actual Problems of Economics 1.60(2013): pp. 7-24
    Handle: RePEc:pra:mprapa:64168
    Contact details of provider: Postal:
    Ludwigstraße 33, D-80539 Munich, Germany

    Phone: +49-(0)89-2180-2459
    Fax: +49-(0)89-2180-992459
    Web page: https://mpra.ub.uni-muenchen.de

    More information through EDIRC

    References listed on IDEAS
    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.:

    as
    in new window


    1. Polterovich, Victor, 1995. "Towards the Theory of Privatization," MPRA Paper 20151, University Library of Munich, Germany.
    2. Bruno Biais & Enrico Perotti, 2002. "Machiavellian Privatization," American Economic Review, American Economic Association, vol. 92(1), pages 240-258, March.
    3. Chang, Roberto & Hevia, Constantino & Loayza, Norman, 2009. "Privatization and nationalization cycles," Policy Research Working Paper Series 5029, The World Bank.
    4. Bernardo Bortolotti & Paolo Pinotti, 2003. "The Political Economy of Privatization," Working Papers 2003.45, Fondazione Eni Enrico Mattei.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:64168. 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 you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.