Methods of Privatization and Economic Growth in Transition Economies

  title={Methods of Privatization and Economic Growth in Transition Economies},
  author={John Bennett and S. Estrin and G. Urga},
  journal={Wiley-Blackwell: Economics of Transition},
  • John Bennett, S. Estrin, G. Urga
  • Published 2007
  • Economics
  • Wiley-Blackwell: Economics of Transition
  • We examine how different methods of privatization might have affected growth in transition economies. Using several econometric specifications, including fixed effects and GMM, we estimate a cross-country panel growth model for 1990-2003. We find only voucher privatization to have been significantly associated with faster growth. Moreover, neither private sector development "per se" nor capital market development exercised a significant influence. We speculate that voucher privatization may… CONTINUE READING
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