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Privatization impacts in transition economies

Estrin, Saul (2008) Privatization impacts in transition economies. In: Durlauf, Steven N. and Blume, Lawrence E., (eds.) The New Palgrave Dictionary of Economics. Palgrave Macmillan, Basingstoke, UK. ISBN 9780333786765

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Identification Number: 10.1057/9780230226203.1344

Abstract

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 the scale of state ownership under communism, leading to the widespread use of mass privatization. As a result ownership changes were huge and extremely rapid but the improvement in corporate governance was more questionable. The empirical findings about the impact on enterprise performance are patchy, though on balance the effect has been positive, especially in countries with stronger institutions or where the new owners have been foreigners.

Item Type: Book Section
Official URL: http://www.palgrave.com/
Additional Information: © 2008 Palgrave Macmillan
Divisions: Management
Subjects: H Social Sciences > HB Economic Theory
Sets: Departments > Management
Collections > Economists Online
Date Deposited: 06 Feb 2009 16:07
Last Modified: 01 Jul 2020 23:22
URI: http://eprints.lse.ac.uk/id/eprint/22582

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