Total Effects of Privatization: Evidence from Turkey

Doruk Cengiz

Review of Radical Political Economics, 2018, vol. 50, issue 4, 699-707

Abstract: I examine effects of the privatization process as a whole in Turkey. I show that the privatization process begins before the firm is sold to private agents. I find that privatization causes the firm-level workforce to decline by 65 percent, profit-margin to increase by 18 percent, and no substantial changes in real sales. Based on the evidence presented, I conclude that the direct outcome of privatization is an income transfer from wage earners to profit earners. JEL Classification: L33, H42

Keywords: privatization; pre-privatization restructuring; Turkey; difference-in-differences (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:50:y:2018:i:4:p:699-707

DOI: 10.1177/0486613418785031

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