Economic Review, Vol. 58 No. 1-2, 2007.
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
Publication date:
28.2.2007.
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