Economic Effects of Privatisation of Public Services Sector in the Republic of Croatia Emphasising Maritime-Passenger Traffic

Alen Jugovič, Ante Bistričić and Borna Debelić

Economic Research-Ekonomska Istraživanja, 2010, vol. 23, issue 4, 114-126

Abstract: Economic effects of every strategic decision on national economy level are important aspect of total economic policy and are strong determinant of generating future economic prosperity and development from the microeconomic, thru mezoeconomic pending to macroeconomic level of observing competitive performances. In this scientific work the analysis of economic effects of privatization is carried out in dependence on the particularities of the public services sector. The methodology of scientific work includes the comparison of specific sensitivity of these sectors caused by specific long-term position, which are a strong determinant and limiting factor in adoption of optimal decisions about their privatization. The purpose of this scientific work is, in the context of complex issues about selection of time frame and the model of privatization in case that privatization is final decision, to modulate basic parameters to make optimal decisions. The results of the research show that the economic outputs of privatization of the public services sector depend primarily on the chosen model of privatization and the implementation time framework, what indicates that privatization of such sector requires a sui generis approach to determinants of the privatization process since they incorporate important characteristics of a public good, and the problem extends from the pre-phase elements of privatization and market position consolidation of the privatization object to the care for the creation of preconditions for successful accomplishment of microcompetitiveness in the sector and institutional environment to promote growth and competitiveness.

Date: 2010
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DOI: 10.1080/1331677X.2010.11517437

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