IDEAS home Printed from
   My bibliography  Save this paper

Fiscal Effects from Privatization: Case of Bulgaria and Poland (Part I)


  • Michal Gorzynski
  • Julian Pankow
  • Krassen Stanchev
  • Georgi Stoev
  • Mateusz Walewski
  • Assenka Yonkova


This study constitutes part of the "Support for Economic Reforms in Bulgaria" project conducted by the Center for Economic and Social Research (CASE Research Foundation), Warsaw and financed by the Open Society Institute, Budapest. The aim of the project is to assist co-operation with Bulgarian counterparts in implementing structural reforms in the Bulgarian economy. At the request of the Bulgarian authorities, this assistance involves developing and carrying out reform programs, as well as evaluating their results in priority areas of structural and institutional reform, with particular reference to the process of ownership transformation. This includes providing an overall strategy for privatization and reporting its effects, monitoring the process of enterprise privatization, post-privatization contract enforcement and the restructuring of newly privatized companies. The purpose of this study is to: - describe and evaluate the fiscal dimension of the privatization process in Bulgaria and Poland, - conduct a cross-country comparison of the fiscal effects of privatization in Bulgaria and Poland, examining their respective approaches to the same, - identify the crucial factors in the privatization strategy and policies of both countries that affect their privatization revenues, - provide background information for the possible transfer of know-how concerning the best approach to maximizing the fiscal effects of privatization, by examining those positive and negative aspects of Poland's experience that could prove relevant to Bulgaria's economic environment. This study includes an evaluation of the fiscal effects of privatization in both countries in the period since the very beginning of the process, i.e. in the case of Poland since 1990 and in the case of Bulgaria since 1993. The crosscountry comparison of the fiscal dimension of privatization has been contingent on the privatization models, priorities and methods applied in both countries.

Suggested Citation

  • Michal Gorzynski & Julian Pankow & Krassen Stanchev & Georgi Stoev & Mateusz Walewski & Assenka Yonkova, 2000. "Fiscal Effects from Privatization: Case of Bulgaria and Poland (Part I)," CASE Network Reports 0037, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:cnrepo:0037

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Loewenstein, Mark A & Spletzer, James R, 1998. "Dividing the Costs and Returns to General Training," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 142-171, January.
    2. Booth, Alison L, 1991. "Job-Related Formal Training: Who Receives It and What Is It Worth?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 53(3), pages 281-294, August.
    3. Muriel Roger & Malgorzata Wasmer, 2009. "Heterogeneity matters: labour productivity differentiated by age and skills," Working Papers halshs-00575086, HAL.
    4. Picchio, Matteo & van Ours, Jan C., 2013. "Retaining through training even for older workers," Economics of Education Review, Elsevier, vol. 32(C), pages 29-48.
    5. Daniel Parent, 2003. "Employer-supported training in Canada and its impact on mobility and wages," Empirical Economics, Springer, vol. 28(3), pages 431-459, July.
    6. David H. Autor & Frank Levy & Richard J. Murnane, 2003. "The skill content of recent technological change: an empirical exploration," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
    7. Jörn-Steffen Pischke, 2001. "Continuous training in Germany," Journal of Population Economics, Springer;European Society for Population Economics, vol. 14(3), pages 523-548.
    8. Wiji Arulampalam & Alison Booth & Mark Bryan, 2010. "Are there asymmetries in the effects of training on the conditional male wage distribution?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(1), pages 251-272, January.
    9. van Ours, Jan C. & Stoeldraijer, Lenny, 2010. "Age, Wage and Productivity," IZA Discussion Papers 4765, Institute for the Study of Labor (IZA).
    10. Anders Stenberg & Xavier Luna & Olle Westerlund, 2012. "Can adult education delay retirement from the labour market?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(2), pages 677-696, January.
    11. Grit Muehler & Michael Beckmann & Bernd Schauenberg, 2007. "The returns to continuous training in Germany: new evidence from propensity score matching estimators," Review of Managerial Science, Springer, vol. 1(3), pages 209-235, November.
    12. Göbel, Christian & Zwick, Thomas, 2010. "Which personnel measures are effective in increasing productivity of old workers?," ZEW Discussion Papers 10-069, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    13. Goux, Dominique & Maurin, Eric, 2000. "Returns to firm-provided training: evidence from French worker-firm matched data1," Labour Economics, Elsevier, vol. 7(1), pages 1-19, January.
    14. Denis Fougère & Dominique Goux & Éric Maurin, 2001. "Formation continue et carrières salariales. Une évaluation sur données individuelles," Annals of Economics and Statistics, GENES, issue 62, pages 49-69.
    15. Harley Frazis & Mark A. Loewenstein, 2005. "Reexamining the Returns to Training: Functional Form, Magnitude, and Interpretation," Journal of Human Resources, University of Wisconsin Press, vol. 40(2).
    16. Bruno Crépon & Marc Ferracci & Denis Fougere, 2012. "Training the Unemployed in France: How Does it Affect Unemployment Duration and Recurrence?," Annals of Economics and Statistics, GENES, issue 107-108, pages 175-199.
    17. Monika Riedel & Helmut Hofer, 2013. "Determinants of the Transition from Work into Retirement," NRN working papers 2013-10, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    18. Santiago Budria & Pedro Telhado Pereira, 2007. "The wage effects of training in Portugal: differences across skill groups, genders, sectors and training types," Applied Economics, Taylor & Francis Journals, vol. 39(6), pages 787-807.
    19. Kuckulenz, Anja & Zwick, Thomas, 2003. "The Impact of Training on Earnings: Differences Between Participant Groups and Training Forms," ZEW Discussion Papers 03-57, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    20. Bassanini, Andrea & Booth, Alison L. & Brunello, Giorgio & De Paola, Maria & Leuven, Edwin, 2005. "Workplace Training in Europe," IZA Discussion Papers 1640, Institute for the Study of Labor (IZA).
    21. Parent, Daniel, 1999. "Wages and Mobility: The Impact of Employer-Provided Training," Journal of Labor Economics, University of Chicago Press, vol. 17(2), pages 298-317, April.
    22. Arulampalam, Wiji & Booth, Alison L, 2001. "Learning and Earning: Do Multiple Training Events Pay? A Decade of Evidence from a Cohort of Young British Men," Economica, London School of Economics and Political Science, vol. 68(271), pages 379-400, August.
    23. repec:adr:anecst:y:2001:i:62:p:03 is not listed on IDEAS
    24. Montizaan Raymond & Coervers Frank & Grip Andries de, 2007. "Training and early Retirement," ROA Research Memorandum 002, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    25. John Heywood & Uwe Jirjahn & Georgi Tsertsvardze, 2010. "Hiring older workers and employing older workers: German evidence," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(2), pages 595-615, March.
    26. Liliane Bonnal & Denis Fougère & Anne Sérandon, 1997. "Evaluating the Impact of French Employment Policies on Individual Labour Market Histories," Review of Economic Studies, Oxford University Press, vol. 64(4), pages 683-713.
    27. Lynch, Lisa M, 1992. "Private-Sector Training and the Earnings of Young Workers," American Economic Review, American Economic Association, vol. 82(1), pages 299-312, March.
    28. Christopher T. Whelan & Bertrand Maitre & Brian Nolan, 2011. "Analysing Intergenerational Influences on Income Poverty and Economic Vulnerability with EU-SILC," Working Papers 201125, Geary Institute, University College Dublin.
    29. Gritz, R. Mark, 1993. "The impact of training on the frequency and duration of employment," Journal of Econometrics, Elsevier, vol. 57(1-3), pages 21-51.
    30. Lyberaki, Antigone & Tinios, Platon & Papadoudis, George, 2010. "A-Typical Work Patterns of Women in Europe: What can we Learn From SHARELIFE?," MEA discussion paper series 10221, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    31. Sohnesen, Thomas Pave & Blom, Andreas, 2005. "Is formal lifelong learning a profitable investment for all of life ? How age, education level, and flexibility of provision affect rates of return to adult education in Colombia," Policy Research Working Paper Series 3800, The World Bank.
    32. Jante Parlevliet & Theodora Xenogiani, 2008. "Report on Informal Employment in Romania," OECD Development Centre Working Papers 271, OECD Publishing.
    33. Kristensen, Nicolai, 2012. "Training and Retirement," IZA Discussion Papers 6301, Institute for the Study of Labor (IZA).
    34. Oosterbeek, Hessel, 1998. "Unravelling Supply and Demand Factors in Work-Related Training," Oxford Economic Papers, Oxford University Press, vol. 50(2), pages 266-283, April.
    35. Booth, Alison L, 1993. "Private Sector Training and Graduate Earnings," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 164-170, February.
    36. Zwick, Thomas, 2011. "Why training older employees is less effective," ZEW Discussion Papers 11-046, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    Full references (including those not matched with items on IDEAS)

    More about this item


    privatization; Bulgaria; Poland; fiscal effect;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sec:cnrepo:0037. 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: (Aleksandra Polak). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.