| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP544
|
| DP544 Privatization in Hungary, Poland and Czechoslovakia |
| Irena Grosfeld; Paul G Hare
|
| 发表日期 | 1991-04-01
|
| 出版年 | 1991
|
| 语种 | 英语
|
| 摘要 | Several East European countries are embarking on major programmes both to expand their private sectors by encouraging new firm formation, and to transfer much of the existing state sector into private ownership. This paper studies the early experience of Hungary, Poland and Czechoslovakia in these areas, and reviews in detail their privatization plans for the three years 1991-3. All three countries envisage that about half the existing state sector will be in private hands by 1994 an extremely rapid rate of ownership change. While all countries will use a mixture of privatization methods, Hungary intends to sell its state firms, while the other two countries will also give away to the population a substantial fraction of the shares in the largest firms. Both approaches involve some very difficult problems. In the case of sales, it is uncertain how rapidly these can take place if a `reasonable' share price is to be maintained. In the case of giving away shares, which in practice requires some important institutional developments such as the creation of Privatization Funds (as suggested in Poland), the main difficulty is likely to be associated with the sheer administrative complexity of the privatization process. |
| 关键词 | Auctions
Eastern europe
Financial institutions
Ownership
Privatization
|
| URL | https://cepr.org/publications/dp544
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529694
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推荐引用方式
GB/T 7714 |
Irena Grosfeld,Paul G Hare. DP544 Privatization in Hungary, Poland and Czechoslovakia. 1991.
|
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