The effects of privatization and ownership in transition economies

Abstrakt

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) economies and, where relevant, China. We distinguish separately the impact of privatization on efficiency, profitability, revenues, and other indicators and distinguish between studies on the basis of their econometric methodology in order to focus attention on more credible results.

Klíčová slova

• privatization
• transition
• postcommunist countries
• Europe
• China