This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Literature: Vol. 47 No. 3 (September 2009)

JEL Volume. 47, Issue 3 | leftPrevious ArticleNext Articleright

Expand

Quick Tools:

Print Article Summary Email Link to this Article Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL Forthcoming Articles JEL Indexes (Members Only)

The Effects of Privatization and Ownership in Transition Economies

Article Citation

Estrin, Saul, Jan Hanousek, Evzen Kocenda, and Jan Svejnar. 2009. "The Effects of Privatization and Ownership in Transition Economies." Journal of Economic Literature, 47(3): 699-728.

DOI: 10.1257/jel.47.3.699

Abstract

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. The effect of privatization is mostly positive in Central Europe, but quantitatively smaller than that to foreign owners and greater in the later than earlier transition period. In the Commonwealth of Independent States, privatization to foreign owners yields a positive or insignificant effect while privatization to domestic owners generates a negative or insignificant effect. The available papers on China find diverse results, with the effect of nonstate ownership on total factor productivity being mostly positive but sometimes insignificant or negative.

Article Full-Text Access

Full-text Article

Authors

Estrin, Saul (London School of Economics and IZA, Bonn)
Hanousek, Jan (Charles U Prague and CERGE-EI)
Kocenda, Evzen (Charles U Prague and CERGE-EI)
Svejnar, Jan (U MI and CERGE-EI)

JEL Classifications

E23: Macroeconomics: Production
L33: Comparison of Public and Private Enterprises; Privatization; Contracting Out
O47: Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
P24: Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; Inflation
P31: Socialist Enterprises and Their Transitions


Journal of Economic Literature



AEA Member Login:


Quick Tools:

Email Link to this Issue

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEL - All Issues

JEL - Forthcoming Articles

JEL Indexes (Members Only)

AEA Journals

Virtual Field Journals

AEAweb | AEA Journals | Contact Us