Privatization in Transition Countries A Sampling of the Literature

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-d...

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Bibliographic Details
Main Author: Havrylyshyn, Oleh
Other Authors: McGettigan, Donal
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Czech Republic 
653 |a Comparison of Public and Private Enterprises and Nonprofit Institutions 
653 |a Environmental Economics: General 
653 |a Public-Private Enterprises 
653 |a Public ownership 
653 |a Nonprofit Organizations and Public Enterprise: General 
653 |a Privatization 
653 |a Finance 
653 |a Environmental Economics 
653 |a Budget Systems 
653 |a Environmental economics 
653 |a Public Enterprises 
653 |a Government business enterprises 
653 |a Environment 
653 |a Competition 
653 |a Budget planning and preparation 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Economic sectors 
653 |a Environmental sciences 
653 |a Budgeting 
653 |a Nationalization 
653 |a Market Structure, Firm Strategy, and Market Performance: General 
653 |a Financial markets 
653 |a Public enterprises 
653 |a Budget 
653 |a Contracting Out 
653 |a Socialist Enterprises and Their Transitions 
653 |a Macroeconomics 
653 |a Public financial management (PFM) 
653 |a National Budget 
653 |a Budgeting & financial management 
653 |a Finance: General 
653 |a Socialist Systems and Transitional Economies: General 
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520 |a 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