Creator: Green, Edward J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 509 Abstract:
Thinking regarding the privatization of state industries and enterprises in the former Comecon countries has tended to focus on the efficiency gains that would occur in the privatized sector. Based on the comparatively good performance and the rather rigid configuration of Comecon production institutions, the scope for such productivity gains seems small. Rather, productivity and innovation in the post-Comecon economies are likely to depend greatly on the emergence of new, initially small, entrepreneurial firms. The extent and form of privatization may affect these firms' prospects for success. How the privatized-firm and entrepreneurial sector will interact depends on public-finance considerations as well as on considerations of industrial organization.
关键词: Council for Mutual Economic Assistance, State enterprise, Growth, Private enterprise, Eastern bloc, Comecon, Entrepreneurship, Soviet bloc, and Privatization 学科: L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices, L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out, and G38 - Corporate Finance and Governance: Government Policy and Regulation