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Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options

Author

Listed:
  • Pohl, G.
  • Anderson, R.E.
  • Claessens, S.
  • Djankov, S.

Abstract

Bulgaria, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, and Slovenia. Because privatization methods show similar results, the extent of restructuring is compared across firms in the seven countries and used for determining which country.Measures of restructuring are examined, including profitability, proportion of the firms with a positive operating cash flow, average operating cash flow as a percent of revenue, growth of labor productivity, growth of total factor productivity, and growth of exports. Econometric analysis was also used to identify the government policies that most encouraged firms to restructure.

Suggested Citation

  • Pohl, G. & Anderson, R.E. & Claessens, S. & Djankov, S., 1997. "Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options," Papers 368, World Bank - Technical Papers.
    • Handle: RePEc:fth:wobate:368
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    More about this item

    Keywords

    PRIVATIZATION ; ECONOMIC REFORM;

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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