Privatization Is Transition--Or Is It?

Josef Brada

Journal of Economic Perspectives, 1996, vol. 10, issue 2, 67-86

Abstract: Various means of creating a private sector have been used in transition economies, including restitution, privatization of state firms through sales or voucher schemes, and start-ups of new private firms. The privatization of state-owned firms raises questions regarding the viability of future corporate governance but, in combination with economic liberalization, it has induced state-owned firms to react to their new environment. Differences in the extent of privatization among countries reflect largely differences in the privatization of state-owned firms. Qualitative differences reflect differences in who the new owners of these firms are.

JEL-codes: L33 P21 (search for similar items in EconPapers)
Date: 1996
Note: DOI: 10.1257/jep.10.2.67
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Citations: View citations in EconPapers (81)

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