Privatisation Methods and Economic Growth in Transition Economies

Arbeitspapier

We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass privatisation has significant positive effect on growth across a wide variety of definitions and specifications. This result holds with particular force after 1995, i.e., once the period of early transition and recession was over. Our analysis suggests that an advantage of mass privatisation was that it led spontaneously to development of the capital market, which is significantly correlated with economic growth.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 105.2004

Classification and Topics

• Classification: Wirtschaft ; Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out ; Economic Growth and Aggregate Productivity: General ; Socialist Systems and Transitional Economies: Performance and Prospects ; Socialist Enterprises and Their Transitions
• Subject: Privatization ; Method ; Economic Growth ; Transition ; Privatisierung ; Wirtschaftswachstum ; Aktienmarkt ; Transformationsstaaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bennett, John ; Estrin, Saul ; Maw, James ; Urga, Giovanni
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/117985
• Last update: 10.03.2025, 11:44 AM CET