Download or read book Privatization and Deindustrialization in East Germany written by Wendy Carlin and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization in Eastern Germany written by Herbert Brücker and published by Routledge. This book was released on 2005-07-27 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives an analysis of privatization and restructuring by the Treuhandanstalt in East Germany. It also addresses the theoretical and conceptual problems of large-scale privatization in the transformation process.
Download or read book Privatization in East Germany written by Mr.Dieter Bös and published by International Monetary Fund. This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership model is suggested for privatization where the Government’s property trust (Treuhandanstait (THA)) is made a silent partner of the private investors. The application of a general scheme of wage subsidies is rejected in the paper. Furthermore, the paper argues against restructuring policies of the Government’s property trust and proposes to set decreasing limits on the trust’s finances for the years following 1993. The decreasing financial inflow will force the Government’s trust to close firms, and will also signal the commitment of the Government to liquidate the trust itself by, say, the year 2000.
Download or read book Privatization in East Germany written by Dieter Bös and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership model is suggested for privatization where the Government`s property trust (Treuhandanstalt (THA)) is made a silent partner of the private investors. The application of a general scheme of wage subsidies is rejected in the paper. Furthermore, the paper argues against restructuring policies of the Government`s property trust and proposes to set decreasing limits on the trust`s finances for the years following 1993. The decreasing financial inflow will force the Government`s trust to close firms, and will also signal the commitment of the Government to liquidate the trust itself by, say, the year 2000.
Download or read book Privatization in East Germany written by Asha Gupta and published by . This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Treuhandanstalt and Privatisation in the Former East Germany written by Jutta E. Howard and published by Routledge. This book was released on 2001 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the operation of the Treuhandanstalt, the trust agency responsible for implementing the massive privatization programme launched in the former East Germany in 1990. It evaluates the level of satisfaction that stakeholder groups typically felt with regard to the agency, it actions and its achievements.
Download or read book Privatization in East Germany written by Hans-Werner Sinn and published by . This book was released on 1992 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is a critical review of east German privatization policy. It is argued that the restitution of old property rights has been a major obstacle to investment and that the attempt to sell two thirds of an economy in the market place is bound to be a failure. Such an attempt implies serious macro and microeconomic stock-flow problems which erode the sales prices of Treuhand assets, induce the Treuhand to slow down its sales, and reduce private investment. By combining a participation model with a wage freeze the paper designs a social contract that may help increase the chances of economic recovery in east Germany.
Download or read book The Big Sell written by Lukas Mergele and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany where the entire state-owned economy was either privatized or liquidated within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency plausibly contributed to these outcomes by rating and prioritizing productive firms.
Download or read book The Treuhandanstalt and Privatisation in the Former East Germany written by Jutta E. Howard and published by Routledge. This book was released on 2018-12-20 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. This study explores the operation of the Treuhandanstalt, the trust agency responsible for implementing the massive privatization programme launched in the former East Germany in 1990. It evaluates the level of satisfaction that stakeholder groups typically felt with regard to the agency, its actions and its achievements.
Download or read book Privatization and Deindustralization in East Germany written by Wendy Carlin and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization in Eastern Germany written by I. J. Alexander Dyck and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The German government rapidly privatized state owned enterprises thorough an auction mechanism with openness to all purchasers. Western German firms purchased most enterprises raising suggestions of inefficiency or corruption. This paper rationalizes the government approach, suggesting the key to understanding these elements of the economic transition is recognition of the need to select western management and transfer them to eastern enterprises. I demonstrate the importance of management selection through a model of adverse selection based on information advantages for private owners. Privatization can improve the quality and level of management in eastern enterprises, and these benefits can increase with the size of the transition. Evidence from East Germany supports the theoretical assumptions and is consistent with model predictions.
Download or read book East Germany s Economic Development since Unification written by Anja Hochberg and published by Springer. This book was released on 2016-01-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book in the Studies in Economic Transition series applies the theory of economic development to the economy of East Germany. Eight years after the unification of Germany, the book provides a comprehensive and much needed assessment of the transition process in the East, its impact on the German economy as a whole and the important broader lessons for European integration and enlargement. The unique economic experiment of the unification of the German economies provided an excellent opportunity for different schools of economic theory to be tested and examined. The contributors to this book take full advantage of this challenge.
Download or read book Lessons from Privatization written by Rolph van der Hoeven and published by International Labour Organization. This book was released on 1997 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the labor market consequences of privatization in developing countries (the Republic of Korea, India and Mexico) and transition economies (Bulgaria, the Czech Republic, Eastern Germany and Hungary) during the first half of the 1990s. Based on over 20 case studies in seven countries, it considers the effect of privatization on productivity and on the level and structure of employment. The evolving patterns of industrial relations in privatized firms and the subsequent changes in wages, remuneration systems and non-wage benefits are also examined.
Download or read book How Governments Privatize written by Mark Cassell and published by Georgetown University Press. This book was released on 2003-08-01 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments throughout the world confront enormous challenges when divesting. Whether it is poor-performing bank loans in Japan and Korea, military bases in the United States, or real estate in eastern Europe, the challenge of public divestment is more than just a question of how to map a path to economic efficiency. Conventional wisdom in public management and privatization literature says that the execution of such enormous tasks as divestment is typically done poorly, and that the government strategy is likely to be inefficient. Mark Cassell argues that privatization must be understood as a political and administrative puzzle rather than simply an exercise in economic efficiency. This study of two successful divestment agencies — the U.S. Resolution Trust Corporation and the German Treuhandanstalt — presents a complex understanding of the two agencies' performance in privatizing hundreds of billions of dollars of assets following two very different crises, the savings and loan debacle in the United States and unification in Germany. In the U.S., the worst economic problem since the Great Depression forced the government to recreate and reshape private property on an immense scale. In Germany, melding East and West Germany involved converting an entire national economy that employed more than four million people. In each case, unassuming public agencies handled two of the largest public sales of assets in this century. Cassell identifies the importance and effects of managerial structures and of national institutions — legislatures and executives — on the outcomes of the reform efforts. This book will be of interest to those interested in alternatives to traditional public-sector structures, electoral connections to bureaucracies, comparative political economy, and the historic events of the aftermath of the savings and loan crisis and German unification. It is crucial reading for policy and public administration practitioners and scholars alike.
Download or read book Privatization in Central and Eastern Europe written by Saul Estrin and published by Longman Publishing Group. This book was released on 1994 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a systematic, comprehensive and authoritative analysis of the privatization process in Central and Eastern Europe.
Download or read book Germany s Economic Performance written by J. Hölscher and published by Springer. This book was released on 2016-01-22 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive understanding of Germany's economic performance at the turn of the twenty-first century. The period under observation and analysis stretches from Germany's unification in 1990 over the death of the German Mark to first experiences with the Euro, with particular attention given to East Germany.
Download or read book Privatization and Its Labour Market Effects in Eastern Germany written by J. Kühl and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
