The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics
Abstract
We examine the relationship between various indicators of privatization and labor productivity. By exploiting a panel data set covering
the years between 1989 and 2008 and 19 transition economies and
using three labor productivity and six privatization indicators, we test
the hypothesis that privatization contributes to increase in productivity in transition economies. We identified a statistically significant
positive correlation between privatization and labor productivity.
Our results suggest that privatization positively affects productivity
in transition economies. The results also suggest that private sector
development has a positive impact on labor productivity through
privatization of state-owned firms rather than the entry of new private firms.
Keywords
References
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Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Publication Date
April 30, 2018
Submission Date
December 21, 2015
Acceptance Date
-
Published in Issue
Year 2018 Number: 85