Methods of Privatization and Economic Growth in Transition Economies

@article{Bennett2007MethodsOP,
  title={Methods of Privatization and Economic Growth in Transition Economies},
  author={J. Bennett and S. Estrin and G. Urga},
  journal={Emerging Markets: Economics},
  year={2007}
}
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… Expand
Privatization, Convergence, and Growth
In this paper, the authors study the empirical relationship between privatization, income convergence, and economic growth using the open economy versions of two competing growth models. TheExpand
Does Privatization Affect Economic Growth?: An Evidence From Transition Economies
This study examines the relationship between privatization and economic growth. The study test the hypothesis that privatization contributes to boost economic growth in transition economies byExpand
Effects of Privatization and Ownership in Transition Economies
In this paper, we evaluate what we have learned to date about the effects of privatization from the experiences during the last fifteen to twenty years in the postcommunist (transition) economiesExpand
Privatization/Liberalization and Growth: Evidence from a Natural Experiment of European Economies in Transition
We examine the relationship between privatization/liberalization and growth using comparable pre-1991 data also. For transition countries with such data, Bulgaria, Hungary, Poland, and Romania orExpand
INVESTIGATION THE EFFECTS OF PRIVATIZATION ON ECONOMIC GROWTH IN D-8 COUNTRIES, USING THE DYNAMIC PANEL ESTIMATED BY GMM METHOD
The transference of economic activities to the private sector and the government withdrawal of its economic activities are introduced as dominant solutions to today's economic problems and growth inExpand
Privatization and growth: natural experiments of European economies in transition
We examine the relationship between privatization and growth of transition countries in Europe by using relative income and grouping them by ex-ante factors and by ex-post associations. ForExpand
Privatization impacts in transition economies
This article addresses the large-scale privatization processes in central and eastern Europe. It explains why reformers placed such emphasis on privatization and the practical problems posed by theExpand
Privatization, Financial Development, Property Rights and Growth
This study analyzes how prevailing institutional arrangements i.e., property rights, contracting rights, political institutions, and corporate governance practices affect privatized firms’Expand
The Effect of Privatization Method on Inequality in Eastern European Transition Economies
Transition economies in Eastern European experienced a drastic change in both income and consumption inequality following privatization of the public sector using voucher, sale, andExpand
Fiscal Responses to Privatisation in Transition Economies: an Empirical Assessment†
One objective of privatisation is to provide a favourable fiscal position. Thus, the success of privatisation depends on fiscal responses of governments to privatisation. To assess the success ofExpand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 67 REFERENCES
Transition Economies: Performance and Challenges
I present data and assess the first twelve years of the transition from plan to market. Transformations have taken place, but the income gap between the transition and advanced economies has widened.Expand
When Does Privatization Work? The Impact of Private Ownership on Corporate Performance in the Transition Economies
This paper compares the performance of privatized and state firms in the transition economies of Central Europe, while controlling for various forms of selection bias. It argues that privatizationExpand
Ownership Concentration and Corporate Performance in the Czech Republic
The relationship between ownership structure and corporate performance has been the subject of intense research in both transition and market economies. The Czech Republic's mass-privatizationExpand
WHY DID TRANSITION ECONOMIES CHOOSE MASS PRIVATIZATION
In many transition countries privatization has taken the form of distribution of states assets at a zero price (mass privatization), and the state has retained some ownership in many companies.WeExpand
From State to Market: A Survey of Empirical Studies on Privatization
This study surveys the literature examining the privatization of state-owned enterprises (SOEs) We review the history of privatization, the theoretical and empirical evidence on the relativeExpand
Finance and the Sources of Growth
The authors evaluate whether the level of development in the banking sector exerts a causal impact on economic growth and its sources-total factor productivity growth, physical capital accumulation,Expand
The Effects of Privatization and Competitive Pressure on Firms' Price-Cost Margins: Micro Evidence from Emerging Economies
This paper uses representative panel data on 1,701 Bulgarian and 2,047 Romanian manufacturing firms to analyze how price-cost margins are affected by privatization and competitive pressure.Expand
The Financial Economics of Privatization
Central to the book's content is its focus on where privatization stands today and what are the next frontiers, the why and how behind countries who privatize certain industries, whetherExpand
The Benefits of Privatization: Evidence from Mexico
Critics of privatization often argue that its benefits come at a high cost to society. The authors test the validity of this criticism for Mexico's privatization program, one of the world's largestExpand
Financial Dependence and Growth
Does finance affect economic growth? A number of studies have identified a positive correlation between the level of development of a country's financial sector and the rate of growth of its perExpand
...
1
2
3
4
5
...