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- Publisher
- Wiley
- Copyright
- Copyright © 2007 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 2577-6975
- eISSN
- 2577-6983
- DOI
- 10.1111/j.1468-0351.2007.00300.x
- Publisher site
- See Article on Publisher Site
Abstract
We examine how different methods of privatization might have affected growth in transition economies. Using several econometric specifications, including fixed effects and GMM, we estimate a cross‐country panel growth model for 1990–2003. We find only voucher privatization to have been significantly associated with faster growth. Moreover, neither private sector development per se nor capital market development exercised a significant influence. We speculate that voucher privatization may have been effective because of the speed with which links between firms and the state were severed.
Journal
Economics of Transition and Institutional Change – Wiley
Published: Oct 1, 2007
Keywords: ; ; ; ; ; ; ; ; ;