380
Views
9
CrossRef citations to date
0
Altmetric
Articles

Continuity Under a Different Name: The Outcome of Privatisation in Serbia

ORCID Icon, ORCID Icon, ORCID Icon, ORCID Icon &
Pages 159-180 | Received 09 Feb 2017, Accepted 02 Jan 2018, Published online: 01 Feb 2018

References

  • Anderson, G. and Boettke, P. (1997), ‘Soviety Venality: A Rent-seeking Model of the Communist State’, Public Choice, 93 (1–2), pp. 37–53.
  • Anti-Corruption Agency (2015), Report on the Implementation of Privatisations against the Law (Government of Republic of Serbia – Anti-Corruption Council), NR72.
  • Birdsall, N. and Nellis, J. (2003), ‘Winners and Losers: Assessing the Distributional Impact of Privatization’, World Development, 31 (10), pp. 1617–33.
  • Boettke, P. (1993), Why Perestroika Failed: The Politics and Economics of Socialist Transformation (New York: Routledge).
  • Boettke, P. (2001), Calculation and Coordination: Essays on Socialism and Transitional Political Economy (Abingdon: Routledge).
  • Boettke, P., Coyne, C. and Leeson, P. (2008), ‘Institutional Stickiness and the New Development Economics’, American Journal of Economics and Sociology, 67 (2), pp. 331–58.
  • Bolcic, S. (2003), ‘Blocked Transition and Post-Socialist Transformation: Serbia in the Nineties’, Review of Sociology, 9 (2), pp. 27–49.
  • Bošković, O. and Ognjanov, G. (2006), ‘Privatisation and Unemployment: Who are the Redundant Workers in Privatised Enterprises’, in B. Cerović (ed), Privatisation in Serbia: Evidence and Analysis (Faculty of Economics Belgrade: Belgrad), pp. 91–106.
  • Boycko, M., Shleifer, A. and Vishny, R. (1996), ‘A Theory of privatisation’, The Economic Journal, 106 (435), pp. 309–19.
  • Boycko, M., et al. (1993), ‘Privatizing Russia’, Brookings Papers on Economic Activity, 1993 (2), pp. 139–92.
  • Breslow, N. (1970), ‘A Generalized Kruskal-Wallis Test for Comparing K Samples Subject to Unequal Patterns of Censorship’, Biometrika, 57 (3), pp. 579–94.
  • Campos, N. P. and Giovannoni, F. (2006), ‘The Determinants of Asset Stripping: Theory and Evidence from the Transition Economies’, Journal of Law and Economics, 49 (2), pp. 681–706.
  • Cefalu, M. (2011), ‘Pointwise Confidence Intervals for the Covariate-Adjusted Survivor Function in the Cox Model’, Stata Journal, 11 (1), pp. 64–81.
  • Cerović, B. and Mitrović, R. D. (2007), ‘Privatisation Effects: Some Evidence From Serbia’, Transition Studies Review, 14 (3), pp. 469–87.
  • Cvetkovic, M., Pankov, A. and Popovic, A. (2007), ‘Balkan Latecomer: The Case of Serbian Privatization’, in I. W. Lieberman and D. J. Kopf (eds), Privatization in Transition Economies: The Ongoing Story (London: Emerald Group Publishing Limited), pp. 221–260.
  • Denisova, I., et al. (2009), ‘Who Wants to Revise Privatization? The Complementarity of Market Skills and Institutions’, American Political Science Review, 103 (2), pp. 284–304.
  • Denisova, I., et al. (2012), ‘Everyone Hates Privatization, but why? Survey Evidence from 28 Post-Communist Countries’, Journal of Comparative Economics, 40 (1), pp. 44–61.
  • Efron, B. and Tibshirani, R. (1986), ‘Bootstrap Methods for Standard Errors, Confidence Intervals, and Other Measures of Statistical Accuracy’, Statistical Science, 1 (1), pp. 54–75.
  • Efron, B. and Tibshirani, R. (1994), An Introduction to the Bootstrap (London: Chapman & Hall/CRC Monographs on Statistics & Applied Probability/Taylor & Francis).
  • EU. (2015), Business Economy – Size Class Analysis (EU: EU Background Paper).
  • Fagerland, M.W., Hosmer, D.W. and Bofin, A.M. (2008), ‘Multinomial Goodness-of-fit Tests for Logistic Regression Models’, Statistics in Medicine, 27 (21), pp. 4238–53.
  • Gehan, A. (1965), ‘A Generalized Wilcoxon Test for Comparing Arbitrarily Singly-censored Samples’, Biometrika, 52 (1/2), pp. 203–23.
  • Gelb A., Hillman A.L., and Ursprung H.W. (1998), ‘Rents as Distractions: Why the Exit from Transition is Prolonged’, in N.C. Baltas, G. Demopoulos, J. Hassid (eds), Economic Interdependence and Cooperation in Europe, Studies in International Economics and Institutions (Berlin, Heidelberg: Springer), pp. 21–38.
  • Gorodnichenko, Y. and Grygorenko, Y. (2008), ‘Are Oligarchs Productive? Theory and Evidence’, Journal of Comparative Economics, 36 (1), pp. 17–42.
  • Gregorič, A. (2002), ‘Growth in Transition Economies: The Case of Bosnia and Herzegovina’, Economic and Business Review, 4 (3–4), pp. 279–308.
  • Gregurek, M. (2001), ‘The Volume and the Results of Privatisation in Croatia’, Economic Outlook, 4, pp. 155–88.
  • Guriev, S. and Rachinsky, A. (2005), ‘The Role of Oligarchs in Russian capitalism’, The Journal of Economic Perspectives, 19 (1), pp. 131–50.
  • Hamm, P., King, P. and Stuckler, D. (2012), ‘Mass Privatization, State Capacity, and Economic Growth in Post-Communist countries’, American Sociological Review, 77 (2), pp. 295–324.
  • Hellman, J. S. (1998), ‘Winners Take All: the Politics of Partial Reform in Postcommunist transitions’, World Politics, 50 (2), pp. 203–34.
  • Hellman, J. S., Jones, G. and Kaufmann, D. (2003), ‘Seize the State, Seize the day: State Capture and Influence in Transition Economies’, Journal of Comparative Economics, 31 (4), pp. 751–73.
  • Hillman, A. (1998), ‘Trade, Growth and Economic Policy in Open Economies: Essays in Honour of Hans-Jürgen Vosgerau’, in K-J Koch and K. Jaeger (eds), Western Economic Theory and The Transition: The Public Choice Perspective (London: Springer), pp. 351–367.
  • Hoff, K. and Stiglitz, E. (2004), ‘After the big Bang? Obstacles to the Emergence of the Rule of law in Post-Communist Societies’, American Economic Review, 94 (3), pp. 753–63.
  • Hosmer, D. and Lemeshow, S. (2000), Applied Logistic Regression (Hoboken: Wiley).
  • IMF. (2000), Offshore Financial Centers (Washington, DC: IMF) , IMF Background Paper .
  • Kaplan, E. and Meier, P. (1958), ‘Nonparametric Estimation From Incomplete observations’, Journal of the American Statistical Association, 53 (282), pp. 457–81.
  • Kikeri, S. and Nellis, J. (2004), ‘Privatization in Competitive Sectors: The Record So Far’, The World Bank Research Observer, 19 (1), pp. 87–118.
  • Koman, M. and Vasileva-Markovska, V.H. (2007), ‘Transition firms in Illyria: Do Workers Still Manage? Evidence from Macedonian firms’, Economic and Business Review, 9 (1), pp. 23–45.
  • Koman, M., et al. (2011), ‘Effects of Ownership and Management Changes on Productivity in Privatized Montenegrin Firms’, Eastern European Economics, 49 (3), pp. 5–25.
  • Koman, M., et al. (2015), ‘Asset Stripping and firm Survival in Mass Privatization: Testing the Hoff-Stiglitz and Campos-Giovannoni Models in Montenegro’, Journal of Comparative Economics, 43 (2), pp. 274–89.
  • Kotakorpi, K. and Poutvaara, P. (2011), ‘Pay for Politicians and Candidate Selection: An Empirical Analysis’, Journal of Public Economics, 95 (7–8), pp. 877–85.
  • Krueger, A. (1974), ‘The Political Economy of the Rent-seeking society’, American Economic Review, 64 (3), pp. 291–303.
  • Lazic, M. and Sekelj, L. (1997), ‘Privatisation in Yugoslavia (Serbia and Montenegro)’, Europe-Asia Studies, 49 (6), pp. 1057–70.
  • Megginson, L. and Netter, J. (2001), ‘From State to Market: A Survey of Empirical Studies on Privatization’, Journal of Economic Literature, 39 (2), pp. 321–89.
  • Mueller, D. (2003), Pubic Choice III (Cambridge, UK: Cambridge University Press).
  • Nellis, J.R. (1999), Time to Rethink Privatization in Transition Economies? Vol. 38 (Washington, DC: World Bank Publications).
  • Niskanen, W. (1971), Bureaucracy and Representative Government (New Brunswick: Transaction Publishers).
  • Official Gazette. (1989), Federal Parliament of Former Yugoslavia, Law, N 84/89.
  • Official Gazette. (1990), Federal Parliament of Former Yugoslavia, Law, N 46/90.
  • Official Gazette of the Republic of Serbia. (2001a), National Assembly of Serbia, Law, N 36.
  • Official Gazette of the Republic of Serbia. (2001b), National Assembly of Serbia, Law, N 45.
  • Official Gazette of the Republic of Serbia. (2005), National Assembly of Serbia, Law, N 79.
  • Ogaki, M. and Atkeson, A. (1997), ‘Rate of Time Preference, Intertemporal Elasticity of Substitution, and Level of Wealth’, Review of Economics and Statistics, 79 (4), pp. 564–72.
  • Olson, M. (1982), The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities, 1st ed. (New Haven: Yale University Press).
  • Peltzman, S., Levine, M. E. and Noll, R. G. (1989), ‘The Economic Theory of Regulation After a Decade of Deregulation’, Brookings Papers on Economic Activity. Microeconomics, 1989, pp. 1–59.
  • Peto, R. and Peto, J. (1972), ‘Asymptotically Efficient Rank Invariant Test procedures’. Journal of the Royal Statistical Society. Series A (General), 135 (2), pp. 185–207.
  • Petrović, P., Bogetić, Ž. and Vujošević, Z. (1999), ‘The Yugoslav Hyperinflation of 1992–1994: Causes, Dynamics, and Money Supply process’. Journal of Comparative Economics, 27 (2), pp. 335–53.
  • Polishchuk, L. (1999), Distribution of Assets and Credibility of Property Rights (Moscow: University of Maryland and New Economic School).
  • Prasnikar, J. and Svejnar, J. (1991), ‘Workers’ Participation in Management vs. Social Ownership and Government Policies: Yugoslav Lessons for Transforming Socialist Economies’, Comparative Economic Studies, 33 (4), pp. 27–45.
  • Prentice, L. (1978), ‘Linear Rank Tests with Right Censored Data’, Biometrika, 65 (1), pp. 167–79.
  • Quarterly National Accounts Division. (2011), Statistical Release: Quarterly Gross Domestic Product in the Republic of Serbia. Statistical Office of the Republic of Serbia, NR40(083).
  • Quarterly National Accounts Division. (2013), Statistical Release: Quarterly Gross Domestic Product in the Republic of Serbia. Statistical Office of the Republic of Serbia, NR40(267).
  • Roland, G. (2001), ‘Ten Years After … Transition and Economics’, IMF Economic Review, 48 (1), pp. 29–52.
  • Rose-Ackerman, S. (2003), ‘Corruption’, in C. Rowley and F. Schneider (eds), The Encyclopedia of Public Choice (New York: Springer), pp. 67–76.
  • Schamis, H. (2002), Re-forming the State: The Politics of Privatization in Latin America and Europe (Ann Arbor: University of Michigan Press).
  • Shleifer, A. (1998), ‘State Versus Private ownership’, Journal of Economic Perspectives, 12 (4), pp. 133–50.
  • Shleifer, A. and Treisman, D. (2000), Without a Map: Political Tactics and Economic Reform in Russia (Cambridge, MA: MIT Press).
  • Shleifer, A. and Vishny, W. (1994), ‘Politicians and Firms’, The Quarterly Journal of Economics, 109 (4), pp. 995–1025.
  • Sonin, K. (1999), Inequality, Property Rights Protection, and Economic Growth in Transition Economies: Theory and Russian Evidence. CEPR Discussion Papers No. 2300.
  • Sprenger, C. (2014), ‘Privatization and Survival – Evidence from a Russian Firm Survey’, Economic Annals, 59 (200), pp. 43–60.
  • Stringham, E, Boettke, P. and Clark, J. (2008), ‘Are Regulations the Answer for Emerging Stock Markets? Evidence From the Czech Republic and Poland’, The Quarterly Review of Economics and Finance, 48 (3), pp. 541–66.
  • Tarone, R. and Ware, J. (1977), ‘On Distribution-free Tests for Equality of Survival Distributions’, Biometrika, 64 (1), pp. 156–60.
  • Tullock, G. (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’, Economic Inquiry, 5 (3), pp. 224–32.
  • Tullock, G. (2002), ‘People are people: The elements of public choice’, in G. Tullock, G.L. Brady and A. Seldon (eds), Government Failure: A Primer in Public Choice (Washington, DC: Cato Institute), pp. 3–82.
  • Vujačić, I. and Petrović-Vujačić, J. (2011), ‘Privatization in Serbia: Results and Institutional Failures’, Economic Annals, 56 (191), pp. 89–105.
  • Wooldridge, J. M. (2002), Econometric Analysis of Cross Section and Panel Data (Cambridge, MA: MIT Press).
  • Xu, K., Tihanyi, L. and Hitt, M. (2014), ‘Firm Resources, Governmental Power, and Privatization’, Journal of Management, 20 (10), pp. 1–27.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.