Change in the Ownership Policy Paradigm in Poland: State Control vs. Privatisation

Piotr Kozarzewski () and Maciej Bałtowski ()
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Piotr Kozarzewski: Faculty of Economics at the Maria Curie-Skłodowska University in Lublin, Poland
Maciej Bałtowski: Theory and History of Economics Department of the Faculty of Economics at the Maria Curie-Skłodowska University in Lublin, Poland

Acta Oeconomica, 2017, vol. 67, issue 1, 1-20

Abstract: The paper presents an analysis of the shift in the ownership policy of the Polish government in office since 2015 towards a more active role of the state and a more reluctant attitude towards privatisation. This shift reflects a general change in the paradigm of the role of the state towards the concept of the state as a strong market player, which includes the strengthening of its ownership functions. Among others, it has led to stalling the privatisation process and concentrating only on its fiscal goals. Possible factors causing this statist shift are divided into two dichotomic groups: the government’s good faith vs. the impact of rent-seeking interest groups and endogenous vs. exogenous factors. Our main conclusion is that despite similarities with the trends observed in some other countries, endogenous factors such as increasing capture of the state by rent-seeking groups, and not the exogenous ones, including the global financial crisis, contributed most to the growing statist trends in the Polish state’s ownership policy.

Keywords: Poland; privatisation; ownership policy; post-communist transition; crony capitalism; rent-seeking; role of the state (search for similar items in EconPapers)
JEL-codes: D72 L33 P16 P31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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