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Privatization in Transition Economies: Case Study of Poland

Author

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  • Rapacki, Ryszard
  • Linz, Susan Johnston

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.

Suggested Citation

  • Rapacki, Ryszard & Linz, Susan Johnston, 1992. "Privatization in Transition Economies: Case Study of Poland," EconStor Conference Papers 130183, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esconf:130183
    Note: Paper prepared for the Southern Conference on Slavic Studies, Jacksonville, March 26-28, 1992.
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    File URL: https://www.econstor.eu/bitstream/10419/130183/1/Michigan%20%20Privatization%20in%20Transition%20Economies.pdf
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    References listed on IDEAS

    as
    1. Sachs, J.D., 1991. "Accelerating Privatizatiob in Eastern Europe: The Case of Poland," Research Paper 92, World Institute for Development Economics Research.
    2. Sebastian Edwards, 1990. "The Sequencing of Economic Reform: Analytical Issues and Lessons from Latin American Experiences," The World Economy, Wiley Blackwell, vol. 13(1), pages 1-14, March.
    3. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    4. Lee, B. & Nellis, J., 1990. "Enterprise Reform And Privatization In Socialist Economies," World Bank - Discussion Papers 104, World Bank.
    5. Susan Linz, 1988. "Managerial autonomy in Soviet firms," Europe-Asia Studies, Taylor & Francis Journals, vol. 40(2), pages 175-195.
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    Cited by:

    1. Rapacki, Ryszard, 1999. "Polish Mass Privatisation Programme: The Employee Perceptions," EconStor Conference Papers 130543, ZBW - Leibniz Information Centre for Economics.

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    More about this item

    Keywords

    privatization; transition;

    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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