Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries

51 Pages Posted: 9 Jun 2008

See all articles by Irina Denisova

Irina Denisova

Center for Economic and Financial Research (CEFIR); New Economic School (NES)

Markus Eller

Oesterreichische Nationalbank (OeNB)

Timothy Frye

Columbia University - Department of Political Science; National Research University Higher School of Economics

Ekaterina Zhuravskaya

Paris School of Economics (PSE)

Multiple version iconThere are 2 versions of this paper

Date Written: December 2007

Abstract

A 2006 survey of 28,000 individuals in 28 post-communist countries reveals overwhelming support for revising privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why. Respondents with poor human capital and few assets support revising privatization due to a preference for state over private property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of privatization. The institutional environment has no impact on how human capital and asset ownership influence attitudes toward privatization, but does affect how economic hardships during transition shape these attitudes.

Keywords: demand for property rights, legitimacy of property rights, nationalization, privatization, property rights, revision, transition

JEL Classification: L33, P20, P26, P50

Suggested Citation

Denisova, Irina and Eller, Markus and Frye, Timothy and Zhuravskaya, Ekaterina, Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries (December 2007). CEPR Discussion Paper No. DP6603. Available at SSRN: https://ssrn.com/abstract=1140532

Irina Denisova

Center for Economic and Financial Research (CEFIR) ( email )

47 Nakhimovsky Prospect, Office #720
117418 Moscow
Russia
+7 095 332 4083 (Phone)

New Economic School (NES)

100A Novaya Street
Moscow, Skolkovo 143026
Russia

Markus Eller

Oesterreichische Nationalbank (OeNB) ( email )

Otto-Wagner-Platz 3
Vienna, A-1090
Austria
+43 1 404 20-5227 (Phone)
+43 1 404 20-045227 (Fax)

HOME PAGE: http://www.oenb.at/en/Monetary-Policy/Research/Researchers/Markus-Eller.html

Timothy Frye

Columbia University - Department of Political Science ( email )

MC3320
420 West 118th Street
New York, NY 10027
United States
212-854-3646 (Phone)

National Research University Higher School of Economics

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Ekaterina Zhuravskaya (Contact Author)

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

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