Privatisation Methods and Economic Growth in Transition Economies

John Bennett (), Saul Estrin, James Maw and Giovanni Urga
Additional contact information
Saul Estrin: London Business School
James Maw: University of Wales Swansea

No 2004.105, Working Papers from Fondazione Eni Enrico Mattei

Abstract: We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass privatisation has significant positive effect on growth across a wide variety of definitions and specifications. This result holds with particular force after 1995, i.e., once the period of early transition and recession was over. Our analysis suggests that an advantage of mass privatisation was that it led spontaneously to development of the capital market, which is significantly correlated with economic growth.

Keywords: Privatization; Method; Economic Growth; Transition (search for similar items in EconPapers)
JEL-codes: L33 O40 P27 P31 (search for similar items in EconPapers)
Date: 2004-07
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Working Paper: Privatization Methods and Economic Growth in Transition Economies (2004)
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