Staged Privatization: An Efficient Approach1
نویسندگان
چکیده
This paper provides a theory on staged or step-by-step privatization. We show that such an approach can be efficient, in the sense that it can successfully transform a state-owned enterprise into an efficient market-based firm by the time when the reform is complete. It may explain the popularity of staged privatization around the world. We have also conducted empirical analysis, which yields supporting evidence for our theory.
منابع مشابه
رقابت، مالیاتستانی و ارتقای کیفی خصوصیسازی
The scientific researches have investigated the inefficiencies of government management and property. Economists and policy-makers maintain that privatization can serve to control such inefficiencies and even to inverse it. Some scholars, who have analyzed the consequences of privatization for various countries in terms of efficiency and equality, observed the positive impacts (for instance in ...
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