Fiscal Aspects of Privatization: the Paradox of Privatization Revenues
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Dirck Süß: European University Viadrina
Chapter 4 in Privatization, Corporate Governance and the Emergence of Markets, 2000, pp 50-66 from Palgrave Macmillan
Abstract Since the middle of the 1980s, privatization has become a popular economic policy all over the world. Besides increasing efficiency and decreasing political influence in the economy, the restoration of public finances has always been an important argument for putting privatization on the agenda. Apart from more indirect effects like hardening the enterprises’ budget constraints and thus enabling politicians to cut subsidies, or higher tax proceeds due to more efficiency, the revenues from the sale of enterprises are generally seen as an important fiscal effect of privatization.
Keywords: Czech Republic; Foreign Direct Investment; Gross Domestic Product; Political Risk; External Debt (search for similar items in EconPapers)
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