Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators
This study investigates the impact of privatization on the relationship between gross capital accumulation, employment, labor resources, government spending, and gross domestic product (GDP) in Commonwealth of Independent States (CIS) countries. Employing econometric analysis and cointegration eval...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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University of A Coruna
2023-12-01
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| Series: | European Journal of Government and Economics |
| Subjects: | |
| Online Access: | https://revistas.udc.es/index.php/ejge/article/view/9850 |
| _version_ | 1827595193069600768 |
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| author | Jun Chen Talgat Yerzhanov Svetlana Shcheglova Anar Mirzayev |
| author_facet | Jun Chen Talgat Yerzhanov Svetlana Shcheglova Anar Mirzayev |
| author_sort | Jun Chen |
| collection | DOAJ |
| description |
This study investigates the impact of privatization on the relationship between gross capital accumulation, employment, labor resources, government spending, and gross domestic product (GDP) in Commonwealth of Independent States (CIS) countries. Employing econometric analysis and cointegration evaluation, the study reveals that privatization has had a mixed impact on CIS economies. While privatization has contributed to increased capital accumulation and employment in some countries, it has also led to reduced labor resources and government spending in others. The study also finds that government spending is an indirect indicator of privatization efficiency that significantly influences GDP in Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Russia, Uzbekistan, and Tajikistan.
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| first_indexed | 2024-03-09T02:50:14Z |
| format | Article |
| id | doaj.art-5a867974704b4a6b94f86039eabf7aee |
| institution | Directory Open Access Journal |
| issn | 2254-7088 |
| language | English |
| last_indexed | 2024-03-09T02:50:14Z |
| publishDate | 2023-12-01 |
| publisher | University of A Coruna |
| record_format | Article |
| series | European Journal of Government and Economics |
| spelling | doaj.art-5a867974704b4a6b94f86039eabf7aee2023-12-05T13:29:34ZengUniversity of A CorunaEuropean Journal of Government and Economics2254-70882023-12-0112210.17979/ejge.2023.12.2.9850Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicatorsJun Chen0Talgat Yerzhanov1Svetlana Shcheglova2Anar Mirzayev3Sejong University Academy of Public Administration under the President of the Republic of KazakhstanTransbaikal State UniversityAzerbaijan State University of Economics (UNEC) This study investigates the impact of privatization on the relationship between gross capital accumulation, employment, labor resources, government spending, and gross domestic product (GDP) in Commonwealth of Independent States (CIS) countries. Employing econometric analysis and cointegration evaluation, the study reveals that privatization has had a mixed impact on CIS economies. While privatization has contributed to increased capital accumulation and employment in some countries, it has also led to reduced labor resources and government spending in others. The study also finds that government spending is an indirect indicator of privatization efficiency that significantly influences GDP in Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Russia, Uzbekistan, and Tajikistan. https://revistas.udc.es/index.php/ejge/article/view/9850capital accumulationefficiencyGDPgovernment spendingprivatization |
| spellingShingle | Jun Chen Talgat Yerzhanov Svetlana Shcheglova Anar Mirzayev Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators European Journal of Government and Economics capital accumulation efficiency GDP government spending privatization |
| title | Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators |
| title_full | Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators |
| title_fullStr | Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators |
| title_full_unstemmed | Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators |
| title_short | Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators |
| title_sort | assessing privatization efficiency in cis countries financial non financial and gdp linked indicators |
| topic | capital accumulation efficiency GDP government spending privatization |
| url | https://revistas.udc.es/index.php/ejge/article/view/9850 |
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