INSTYTUCJE & ROZWÓJ
PRIVATIZATION, INCENTIVES AND ECONOMIC PERFORMANCE by Douglass C. North
Institutions, Institutional Change and Economic Performance, Douglass North
Commanding Heights: The Birth of Privatization, Commanding Heights documentary series, PBS
DOUGLASS C. NORTH: TRANSACTION COSTS, PROPERTY RIGHTS, AND ECONOMIC OUTCOMES, NBER, Gary D. Libecap
Nobel Prize Lecture by Douglass North
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, Hernando de Soto: “The hour of capitalism’s greatest triumph,” writes Hernando de Soto, “is, in the eyes of four-fifths of humanity, its hour of crisis.” In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we’ve forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.
Article on the Mystery of Capital, IMF, Hernando de Soto
Private Property by Milton Friedman, National Review (1990)
Why Government is the Problem. Essays in Public Policy, Hoover Institution Press, Friedman, Milton (1993)
The State in the Third Millennium (2009) by Prince of Liechtenstein Hans-Adam II , PDF tutaj
The Age of Milton Friedman, Andrei Shleifer, Journal of Economic Literature, 2009: Between 1980 and 2005, as the world embraced free market policies, living standards rose sharply, while life expectancy, educational attainment, and democracy improved and absolute poverty declined. Is this a coincidence? A collection of essays edited by Balcerowicz and Fischer argues that indeed reliance on free market forces is key to economic growth. A book by Stiglitz and others disagrees. I review and compare the two arguments
Glaeser, Edward, Rafael LaPorta, Florencio López-de-Silanes, and Andrei Shleifer. 2004. “Do Institutions Cause Growth?”. Journal of Economic Growth
Shleifer, Andrei. 1998. “State versus Private Ownership”. Journal of Economic Perspectives
Understanding Postcommunist Transitions, Journal of Democracy, 1994, Leszek Balcerowicz
Shleifer, Andrei, and Robert Vishny. 1993. “Corruption”. Quarterly Journal of Economics
Shleifer, Andrei, Maxim Boycko, and Robert Vishny. 1996. “A Theory of Privatization”. Economic Journal: Public enterprises around the world have proved to be highly inefficient, primarily because they pursue strategies, such as excess employment, that satisfy the political objectives of politicians who control them. Privatisation of public enterprises can raise the cost to politicians of influencing them, since subsidies to private firms necessary to force them to remain inefficient are politically harder to sustain than wasted profits of the state firms. In this way, privatisation leads to efficient restructuring of firms. Moreover, privatisation is more effective when combined with a tight monetary policy, and when the new owners of firms are profit maximising investors, rather than their employees or even managers.
The Privatization Process: A Natural Order or Shock Therapy?,
Journal of Applied Business Research, Mary M. Cutler
The behaviour of state firms in eastern Europe, pre-privatisation, European Economic Review, 1994, Philippe Aghion, Olivier Blanchard, Robin Burgess
Shleifer, Andrei, and Robert Vishny. 1994. “Politicians and Firms”. Quarterly Journal of Economics:
We present a model of bargaining between politicians and managers that explains many stylized facts about the behavior of state firms, their commercialization, and privatization. Subsidies to public enterprises and bribes from managers to politicians emerge naturally in the model. We use the model and several extensions to understand why commercialization and privatization might work, and what forces contribute to effective restructuring of public enterprises.
Evidence on the Fiscal and Macroeconomic Impact of Privatization, IMF Papers, Steven Barnett
Fiscal and Macroeconomic Impact of Privatization, IMF, Jeffrey Davis, Thomas Richardson, Rolando Ossowski, Steven Barnett
Robinson, James, and Daron Acemoglu. (2012) 2012. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. Random House
Impact of Privatization on Economic Growth, Adnan Filipovic, Furman Univeristy UER, 2006
Enterprise restructuring in transition: A quantitative survey, Simeon Djankov, Peter Murrell, Journal of economic literature, 2002
PERCEPCJE PRYWATYZACJI
The Public Perception of Privatization in Poland from 1991–2014, Finanse Rynki Finansowe Ubezpieczenia, Wiktor Patena, Renata Stawiarska
Attitudes Toward Privatization in Poland, Hungary, and the Czech Republic: A Cross-National Comparison, Elizabeth A. Osborn
WHY IS PRIVATISATION SO CONTROVERSIAL? Privatisation is controversial despite empirical studies showing it is a highly successful policy, Policy: Journal of Public Policy and Ideas, Australasian Legal Information Institute, Sinclair Davidson
The Transition from Socialist to a Market Economy Privatization: the Point of View of the Polish Society, Polish Sociological Review, 2010, MAREK S. SZCZEPAŃSKI and ANNA ŚLIZ
EKONOMIA GOSPODARCZA PRYWATYZACJI
The Privatization Process: A Worldwide Perspective (The Political Economy Forum)
Acemoglu, D., Kremer, M., & Mian, A. 2008. Incentives in markets, firms and governments. Journal of Law, Economics and Organization
Politicians and firms in seven Central and Eastern European countries, WP 2016, Stijn Claessens, Simeon Djankov
Ades, A., & Di Tella, R. 1997. National champions and corruption: Some unpleasant interventionist arithmetic. Economic Journal
Akcigit, U., Baslandze, S., & Lotti, F. 2018. Connecting to power: Political connections, innovation, and firm dynamics. NBER
Redistribution Through Public Employment:
The Case of Italy, IMF PAPERS: ALBERTO ALESINA, STEPHAN DANNINGER, and MASSIMO ROSTAGNO
The Origins and Consequences of Property Rights: Austrian, Public Choice, and Institutional Economics Perspectives, Colin Harris, Meina Cai, Ilia Murtazashvili, Jennifer Brick Murtazashvili
The Problem with Privatization, Larry Summers
Disentangling liberalization and privatization policies: Is there a political trade-off?, Journal of Comparative Economics, Filippo Belloc , Antonio Nicita, Simone M. Sepe
Everyone hates privatization, but why? Survey evidence from 28 post-communist countries, Journal of Comparative Economics – Irina Denisova, Markus Eller, Timothy Frye, Ekaterina Zhuravskaya
LaPorta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer. 1999. “Corporate Ownership Around the World”. Journal of Finance
The Grabbing Hand: Government Pathologies and Their Cures, 2002 by Andrei Shleifer