Privatization in Transition Countries: A Sampling of the Literature

Oleh Havrylyshyn and Donal McGettigan

No 1999/006, IMF Working Papers from International Monetary Fund

Abstract: This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies almost invariably show privatized enterprises outperform state enterprises. Moreover, the literature identifies de novo firms as being clearly the best performers, followed by outsider-dominated firms, while insider-dominated firms are the least efficient among those newly privatized. The importance of de novo firms in enlarging the private sector in transition economies is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector development. Finally, the paper discusses the importance of providing a suitable market environment for successful private-sector development.

Keywords: WP; privatized firm; enterprise performance; government retards enterprise restructuring; efficiency gain; competition enterprises face; voucher privatization; Privatization; transition; state-owned enterprises; de novo enterprises; mass privatization; vouchers; privatization technique; greenfield enterprise; Competition; Public enterprises; Budget planning and preparation; Europe; Baltics (search for similar items in EconPapers)
Pages: 44
Date: 1999-01-01
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Citations: View citations in EconPapers (37)

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