Methods of privatization and economic growth in transition economies

Bennett, John, Estrin, Saul ORCID: 0000-0002-3447-8593 and Urga, Giovanni (2007) Methods of privatization and economic growth in transition economies. Economics of Transition, 15 (4). pp. 661-683. ISSN 0967-0750

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Abstract

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 have been effective because of the speed with which links between firms and the state were severed

Item Type:	Article
Official URL:	http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information:	© 2007 The Authors
Divisions:	Management
Subjects:	D History General and Old World > DJ Netherlands (Holland) > DJK Eastern Europe H Social Sciences > HC Economic History and Conditions
Date Deposited:	20 Sep 2017 11:49
Last Modified:	11 Dec 2024 23:16
URI:	http://eprints.lse.ac.uk/id/eprint/84260

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