Dynamic Model of Privatization: The Case of Ukrainian Economic Transition
Abstract: The paper develops a simple theoretical framework in which the efficiency of industrial restructuring due to privatization process can be analysed. The dynamic model is based on the approach recently proposed by B. Gibson and A. Dutt (1993). This model is extended through inclusion the ass...| Link(s) zu Dokument(en): | IHS Publikation |
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| Format: | IHS Series NonPeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
Institut für Höhere Studien
1996
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| Zusammenfassung: | Abstract: The paper develops a simple theoretical framework in which the efficiency of industrial restructuring due to privatization process can be analysed. The dynamic model is based on the approach recently proposed by B. Gibson and A. Dutt (1993). This model is extended through inclusion the assumption of increasing efficiency of workers in state enterprises because of competition with the growing number of private firms. This paper attempts to analyse the optimality of time path of privatization in Ukraine as a country with mixed economy.; |
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