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Author:Bjørnskov, C.
Potrafke, N.
Title:Politics and privatization in Central and Eastern Europe. A panel data analysis
Journal:Economics of transition
2011 : APR, VOL. 19:2, p. 201-230
Index terms:Central Europe
Eastern Europe
transition economies
industries
privatization
politics
panel data
models
Freeterms:ideologies
governments
ownership
Language:eng
Abstract:Using a dataset of privatization (hereafter as: prvzn.) indicators covering small- and large-scale industries in 19 transition countries over the period 1990-2007, introduced is a government ideology index. It is explored how government ideology influenced prvzn. efforts in Central and Eastern Europe (CEE) after the transition from socialism. The author expounds that market-oriented governments promoted the prvzn. of small-scale industries more than that of large-scale ones. In the rapid transition process in the early 1990s, leftist governments stuck to public ownership more strongly than in the following period from the mid-1990s to 2007. The remarkable differences btw. leftist and right-wing governments concerning both the role of government in the economy and the basic elements of political order are in line with developments in OECD countries, and may also hold further implications for transition and democratizing countries outside CEE.
SCIMA record nr: 272532
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