Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/117985
Authors: 
Bennett, John
Estrin, Saul
Maw, James
Urga, Giovanni
Year of Publication: 
2004
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 105.2004
Abstract: 
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass privatisation has significant positive effect on growth across a wide variety of definitions and specifications. This result holds with particular force after 1995, i.e., once the period of early transition and recession was over. Our analysis suggests that an advantage of mass privatisation was that it led spontaneously to development of the capital market, which is significantly correlated with economic growth.
Subjects: 
Privatization
Method
Economic Growth
Transition
JEL: 
L33
O40
P27
P31
Document Type: 
Working Paper

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