Written for the EBRD conference on Privatization and Restructuring, April 1996. We thank Daron Acemoglu, Simon Commander, Mark Schankerman, Andrei Shleifer and Elu Von Thadden for discussions and comments on an earlier draft.
On privatization methods in Eastern Europe and their implications1
Article first published online: 5 NOV 2007
Economics of Transition
Volume 6, Issue 1, pages 87–99, May 1998
How to Cite
Aghion, P. and Blanchard, O. J. (1998), On privatization methods in Eastern Europe and their implications. Economics of Transition, 6: 87–99. doi: 10.1111/j.1468-0351.1998.tb00038.x
- Issue published online: 5 NOV 2007
- Article first published online: 5 NOV 2007
- Keywords: privatization;
- Eastern Europe;
- outsider ownership
We have two goals in this paper. The first is to draw lessons from the privatization experiences in Eastern Europe so far, in particular with respect to the relation between alternative privatization methods, the evolution of ownership after privatization and restructuring. The second is to draw from these lessons to suggest ways in which remaining privatization programmes might be designed or improved, when political constraints and economic realities are taken into account.