Social Costs of Mass Privatization
dc.contributor.author | Stuckler, David | en_US |
dc.contributor.author | King, Lawrence Peter | en_US |
dc.date.accessioned | 2009-11-17T17:02:17Z | |
dc.date.available | 2009-11-17T17:02:17Z | |
dc.date.issued | 2007-09-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2007-890 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/64393 | en_US |
dc.description.abstract | According to leading economic theorists, creating capitalism out of communism requires rapid privatization. In this article we empirically test the welfare implications of privatization policies in Post-Soviet countries by using cross-national panel mortality data as an indicator of social costs. We find that rapid privatization ñ whether measured by a novel measure of mass privatization program implementation or Enterprise Bank for Reconstruction and Development privatization outcome scores ñ is a critical determinant of life expectancy losses, and that when privatization policies are reversed, life expectancy improves. Using selection models, we show that endogeneity understates the social costs of rapid privatization. | en_US |
dc.format.extent | 232453 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | wp890 | en_US |
dc.subject | Privatization, Postcommunist, Mortality Crisis | en_US |
dc.subject.other | I12, J18, L33, P36 | en_US |
dc.title | Social Costs of Mass Privatization | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/64393/1/wp890.pdf | |
dc.contributor.authoremail | LK285@cam.ac.uk | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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