Privatization in Transition Economies: Privatization Scale and Country Size

Posted: 11 Apr 2006 Last revised: 19 Apr 2016

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

Jelena Budak

Institute of Economics, Zagreb

Date Written: 2006

Abstract

This paper examines determinants of privatization in transition countries. Empirical studies of privatization are few and even fewer formal empirical analyses of privatization in transition countries exist. Another goal is to examine differences between large scale and small scale privatization. We find that scales of privatization respond differently to various determinants. Particularly, privatization scales are sensitive to changes in economic prosperity, unemployment and inflation. Country size, not government size, seems to be driving privatization in transition countries. Effects of Soviet legacy are nonexistent. Some findings are unique to the literature, while others differ from existing studies. Policy implications are discussed.

Keywords: Transition economies, Privatization, Inflation, Unemployment

JEL Classification: P2, F0

Suggested Citation

Goel, Rajeev K. and Budak, Jelena, Privatization in Transition Economies: Privatization Scale and Country Size (2006). Economic Systems, Vol. 30, No. 1, pp. 98-110, 2006. Available at SSRN: https://ssrn.com/abstract=895288

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

Jelena Budak

Institute of Economics, Zagreb ( email )

Croatia

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