Progress with privatization

Arye L. Hillman

Research output: Contribution to journalArticlepeer-review

13 Scopus citations


The case for swift privatization in the transition from socialism is based on the enhanced efficiency and improved capabilities for macroeconomic management that derive from private property rights and residual claimants, yet privatization is fundamentally also a distributional phenomenon with associated connotations of fairness. This paper provides an overview of the influences on the progress with privatization that derive from the means whereby ownership to social capital is assigned.

Original languageEnglish
Pages (from-to)733-749
Number of pages17
JournalJournal of Comparative Economics
Issue number4
StatePublished - Dec 1992


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