The Impact of Privatization on Economic Growth: The Case of Uzbekistan
This paper clarifies the macroeconomic gains from privatization during the transition period in Uzbekistan. The choice of this country is due to its stable macroeconomics performance beginning from 1996 onwards, and author's related work experience at The State Committee of the Republic of Uzb...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2016-07-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/2342 |
| _version_ | 1797920941383090176 |
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| author | Sobir Shukurov Mansoor Maitah Luboš Smutka |
| author_facet | Sobir Shukurov Mansoor Maitah Luboš Smutka |
| author_sort | Sobir Shukurov |
| collection | DOAJ |
| description |
This paper clarifies the macroeconomic gains from privatization during the transition period in Uzbekistan. The choice of this country is due to its stable macroeconomics performance beginning from 1996 onwards, and author's related work experience at The State Committee of the Republic of Uzbekistan for Privatization.
Based on the macroeconomic empirical literature on growth, we supplement the standard model of GDP growth with other transition-specific variables to investigate the impact of privatization on economic growth. In so doing, we found that economic growth was significantly influenced by investment (more importantly investment to the education), and employment growth. Several other institutional components specific to the transition process, particularly the private sector and capital market development, and small-scale privatization were also found to be significant determinants of economic development in Uzbekistan.
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| first_indexed | 2024-04-10T14:08:52Z |
| format | Article |
| id | doaj.art-8543014507684d0dbbce5b4b02563185 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:08:52Z |
| publishDate | 2016-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-8543014507684d0dbbce5b4b025631852023-02-15T16:09:51ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-07-0163The Impact of Privatization on Economic Growth: The Case of UzbekistanSobir Shukurov0Mansoor Maitah1Luboš Smutka2Tashkent State University of LawThe Czech University of Life SciencesThe Czech University of Life Sciences This paper clarifies the macroeconomic gains from privatization during the transition period in Uzbekistan. The choice of this country is due to its stable macroeconomics performance beginning from 1996 onwards, and author's related work experience at The State Committee of the Republic of Uzbekistan for Privatization. Based on the macroeconomic empirical literature on growth, we supplement the standard model of GDP growth with other transition-specific variables to investigate the impact of privatization on economic growth. In so doing, we found that economic growth was significantly influenced by investment (more importantly investment to the education), and employment growth. Several other institutional components specific to the transition process, particularly the private sector and capital market development, and small-scale privatization were also found to be significant determinants of economic development in Uzbekistan. http://mail.econjournals.com/index.php/ijefi/article/view/2342 |
| spellingShingle | Sobir Shukurov Mansoor Maitah Luboš Smutka The Impact of Privatization on Economic Growth: The Case of Uzbekistan International Journal of Economics and Financial Issues |
| title | The Impact of Privatization on Economic Growth: The Case of Uzbekistan |
| title_full | The Impact of Privatization on Economic Growth: The Case of Uzbekistan |
| title_fullStr | The Impact of Privatization on Economic Growth: The Case of Uzbekistan |
| title_full_unstemmed | The Impact of Privatization on Economic Growth: The Case of Uzbekistan |
| title_short | The Impact of Privatization on Economic Growth: The Case of Uzbekistan |
| title_sort | impact of privatization on economic growth the case of uzbekistan |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/2342 |
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