|Generate QR code
Open Access
Subscription Access
State and Denationalization: Risks and Limitations of the "New Privatization Policy"
https://doi.org/10.32609/0042-8736-2011-9-4-26
Abstract
The article is devoted to the analysis of theoretical and applied preconditions and restrictions to the accelerated privatization and modernization of present governance model of state property in Russia. The authors consider comparative advantages and risks of the public sector, quantitative dynamics of the 2000s, groups interests as well as offer their vision for the «new privatization policy» frame and prospects.
About the Authors
A. Radygin
Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
Yu. Simachev
Interdepartmental Analytical Center
Russian Federation
Russian Federation
R. Entov
Russian Academy of Sciences
Russian Federation
Russian Federation
References
1. Государство в меняющемся мире: Отчет о мировом развитии 1997 / Всемирный банк. 1997.
2. Мюллер Д. Общественный выбор. М.: ГУ-ВШЭ, Экономическая школа, 2007.
3. Радыгин А. Д. Реформа собственности в России: на пути из прошлого в будущее. М.: Республика, 1994.
4. Радыгин А. Д., Энтов Р. М . Институциональные проблемы развития корпоративного сектора: собственность, контроль, рынок ценных бумаг. М.: ИЭПП, 1999.
5. Acemoglu D., Johnson S., Robinson J. Institutions as the Fundamental Cause of Long-Run Growth // Handbook of Economic Growth / Ph. Aghion, St. Durlauf (eds.). Amsterdam: North Holland, 2004.
6. Bizaguet A. Le secteur publique et les privatisations. Paris: PUF, 1988.
7. Boardman A. E., Vining A. R. Ownership and Performance in Competitive Environments: a Comparison of the Performance of Private, Mixed, and State-owned Enterprises // Journal of Law and Economics. 1989. Vol. 32. P. 1-33.
8. Borcherding T., Pommerehne W., Schneider F. Comparing the Efficiency of Private and Public Production: The Evidence from Five Countries // Zeitschrift für Nationaloekonomie. 1982. Bd. 89. S. 127-156.
9. Bortolotti B., Siniscalo D. The Challenges of Privatization: An International Analysis. Oxford: Oxford University Press, 2003.
10. D'Souza J., Megginson W. The Financial and Operating Performance of Newly Privatized Firms in the 1990s // Journal of Finance. 1999. Vol. 54. P. 1397-1438.
11. Estrin S., Hanousek J., Kocenda E., Svejnar J. Effects of Privatization and Ownershipin Transition Economics // Journal of Economic Literature. 2009. Vol. 47. P. 699-728.
12. Ficcio M. Politically Connected Firms // American Economic Review. 2006. Vol. 96. P. 369-386.
13. Hoppe E., Schmitz P. Public Versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks // Journal of Public Economics. 2010. Vol. 94. P. 258-268.
14. Megginson W. D. The Financial Economics of Privatization. Oxford: Oxford University Press, 2005.
15. Radygin A. Privatization, Ownership Redistribution, and Formation of the Institutional Basis for Economic Reforms // The Economics of Russian Transition / Y. Gaidar (ed.); foreword by S. Fischer. Cambridge, MA: MIT Press, 2003.
16. Robinson J., Torvik R. A Political Economy Theory of the Soft Budget Constraint // CEPR Discussion Paper. 2005. No 5274.
17. Stigtlitz J. Government Failure versus Market Failure: Principles of Regulation // IPD Working Paper. 2008.
18. Vickers J., Yarrow G. Privatization: An Economic Analysis. Cambridge, MA: MIT Press, 1988.
Review
For citations:
Radygin A., Simachev Yu., Entov R. State and Denationalization: Risks and Limitations of the "New Privatization Policy". Voprosy Ekonomiki. 2011;(9):4-26. (In Russ.) https://doi.org/10.32609/0042-8736-2011-9-4-26
Views:
529
Email this article 
