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Privatisierung in Osteuropa: Strategien und Ergebnisse

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  • Monika Schnitzer

Abstract

The privatization process in Eastern Europe has not been a success everywhere. The opinion of experts about the optimal privatization strategy has changed over the last decade. This article first presents the theoretical foundation for privatizing state‐owned enterprises. It then discusses the pros and cons of different privatization strategies. As the examples of the Czech Republic and Russia show, privatization does not lead to enterprise restructuring if it is not accompanied by institutional reforms. Empirical studies confirm that the effects of privatization are very different in different regions, mostly positive in MOE countries, but not always so in CIS countries.

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  • Monika Schnitzer, 2003. "Privatisierung in Osteuropa: Strategien und Ergebnisse," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 4(3), pages 359-378, August.
    • Handle: RePEc:bla:perwir:v:4:y:2003:i:3:p:359-378
    DOI: 10.1111/1468-2516.00129
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    Cited by:

    1. Kira Boerner, 2004. "The Political Economy of Privatization: Why Do Governments Want Reforms?," Working Papers 2004.106, Fondazione Eni Enrico Mattei.
    2. Hainz, Christa, 2004. "Quality of Institutions, Credit Markets and Bankruptcy," Discussion Papers in Economics 388, University of Munich, Department of Economics.
    3. Lars P. Feld & Gebhard Kirchgässner, 2003. "Die Rolle des Staates in privaten Governance Strukturen," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 139(III), pages 253-285, September.
    4. Börner, Kira Astrid, 2005. "Political Institutions and Incentives for Economic Reforms," Munich Dissertations in Economics 3165, University of Munich, Department of Economics.
    5. Börner, Kira, 2004. "The Political Economy of Privatization," Discussion Papers in Economics 296, University of Munich, Department of Economics.

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