Review article

INSTITUTIONAL AND EVOLUTIONAL ASPECTS OF PRIVATIZATION IN MIDDLE AND EASTERN EUROPE

Siniša Kušić

Abstract

What infl uences the concept of the privatization strategy and why is a peculiar method being chosen? Is the status quo the best ever possible arrangement? With the help of the theory of institutional change one can explain that privatization strategies do not necessarily consider economic effi ciency, but the choice of a privatization method may show signs of path-dependency and thus create economically suboptimal solution.

Keywords

privatization; theory of institutional change; path-dependency

Hrčak ID:

9215

URI

https://hrcak.srce.hr/9215

Publication date:

28.2.2007.

Article data in other languages: croatian

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