The rate of Polish privatization without illusion

Jerzy Rutkowski

Ekonomia journal, 2001, vol. 2

Abstract: Analysis of the degree of advancement of privatization taking into consideration both the transition phases of property transformations as well as the consequences of property heterogeneity of the privatized subjects. Macroeconomic changes of the property structure considered in different cross-sections as the effect of development of the private sector and the result of differentiated methods of the privatization of state-owned enterprises (denationalization). The visible role of foreign capital in both of these processes. The empirical material served to illustrate the differentiated property situation and to show to what degree mixed property forejudges the divergence between the statistical formulation of the rate of privatization and its real course. Property heterogeneity leads to many possible variants of privatization in statistical understanding with maintaining state control of the privatized subject even when it is a minority shareholder. The conclusion that the share of privatized state-owned enterprises does not reflect the degree of loss by the state of its property functions becomes a contribution to the comprehension of the balance of privatization in its particular phases.

Date: 2001
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