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Geçiş Ekonomilerinde ve Türki Cumhuriyetlerde Özelleştirmenin Emek Verimliliği Üzerindeki Etkisi

Year 2018, Issue: 85, 257 - 281, 30.04.2018

Rasim Yılmaz Julide Yalçınkaya Koyuncu

Abstract

Bu makalede çeşitli özelleştirme göstergeleri ile emek verimliliği
arasındaki ilişki incelenmiştir. 1989-2008 yıllarını ve 19 geçiş ekonomisini kapsayan panel veri seti, üç emek verimliliği göstergesi ve
altı özelleştirme göstergesi kullanmak suretiyle, geçiş ekonomilerinde
özelleştirmenin verimliliğin artmasına katkı sağladığı hipotezi test
edilmiştir. Özelleştirme ve emek verimliliği arasında pozitif korelasyon tespit edilmiştir. Araştırma sonuçları, özelleştirmenin geçiş ekonomilerinde verimliliği artırdığına işaret etmektedir. Sonuçlar ayrıca,
özel sektörün gelişiminin yeni özel firmaların piyasaya girmesinden
ziyade devlete ait firmaların özelleştirmesiyle yoluyla sağlandığı durumun emek verimliliğini olumlu etkileyeceğini göstermektedir.

Keywords

Emek Verimliliği Özelleştirme Etkinlik Geçiş Ekonomileri Türki Cumhuriyetler

References

  • Ades, Alberto and Rafael Di Tella (1999). “Rents, Competition and Corruption”. American Economic Review 89: 982-993.
  • Bai et al. (2009). “How Does Privatization Work in China?”. Journal of Comparative Economics 37 (3): 453-470.
  • Belorgey, Nicolas et al. (2006). “Determinants of Productivity per Employee: An Empirical Estimation Using Panel Data”. Economics Letters 91 (2): 153-157.
  • Bennett, John et. al. (2004). Privatization Methods and Economic Growth in Transition Economies. FEEM Working Paper No. 105.04, Cass Business School Research Paper. Available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=569141
  • Bennett, John et al. (2007). “Methods of Privatization and Economic Growth in Transition Economies”. Economics of Transition 15 (4): 661-683.
  • Bjorvatn, Kjetil and Tina Soreide (2005). “Corruption and Privatization”. European Journal of Political Economy 21: 903-914.
  • Bloom, Nicholas et al. (2012). “The Land That Lean Manufacturing Forgot? Management Practices in Transition Countries”. Economics of Transition 20 (4): 593-635.
  • Boardman, Anthony and Aidan Vining (1989). “Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-owned Enterprise”. Journal of Law and Economics 32: 1-33.
  • Brown, J. David et al. (2004). Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia, and Ukraine. Upjohn Institute Staff Working Paper 04-107.
  • Brown, J. David et al. (2016). “Where Does Privatization Work? Understanding the Heterogeneity in Estimated Firm Performance Effects”. Journal of Corporate Finance 41: 329-362.
  • Boycko, Maxim et al. (1996). “A Theory of Privatization”. Economic Journal 106 (435): 309-319.
  • Cieslik, Andrzej and Monika Tarsalewska (2013). “Privatization, Convergence, and Growth”. Eastern European Economics 51 (1): 5-20.
  • Dessy, Orietta and Massimo Florio (2004). Workers’ Earnings in the UK Before and After Privatization: A Study of Five Industries. Universita di Milano Dipartimento di Economia Politica e Aziendale Working Paper 2004-13. http://www.aiel.it/Old/bacheca/MODENA/PAPERS/dessy_florio.pdf(Access Date: 01.06.2015)
  • Djankov, Simeon and Peter Murrell (2002). “Enterprise Restructuring in Transition: A Quantitative Survey.” Journal of Economic Literature 15 (3): 739–792.
  • Estrin, Saul et. al. (2009). “The Effects of Privatization and Ownership in Transition Countries”. Journal of Economic Literature 47 (3): 699-728.
  • Gronblom, Sonja and Johan Willner (2008). “Privatization and Liberalization: Costs and Benefits in the Presence of Wage-Bargaining”. Annals of Public and Cooperative Economics 79 (1): 133-160.
  • Kaufmann, Daniel and Paul Siegelbaum (1997). “Privatization and Corruption in the Transition Economies”. Journal of International Affairs 50 (2): 419-58.
  • Kocenda, Evzen and Jan Hanousek (2011). “Effects of the Czech Firms Break-Up on Their Profitability and Productivity”. Politicka Ekonomie 59 (5): 579-598.
  • Sheshinski, Eytan and Luis F. Lopez-Calva (2003). “Privatization and Its Benefits: Theory and Evidence”. CESifo Economic Studies 49 (3): 429-459.
  • Shi, Wendong and Jingwei Sun (2016). “The Impact of Privatization on Efficiency and Profitability: Evidence from Chinese Listed Firms, 2001-2010”. Economics of Transition 24 (3): 393-420.
  • Shleifer, Andrei and Robert W. Vishny (1994). “Politicians and Firms”. The Quarterly Journal of Economics 109: 995-1025.
  • Stiglitz, Joseph (2002). Globalization and Its Discontents. New York, NY: W.W. Norton & Company Press.
  • Vuksic, Goran (2016). “Effects of Private Ownership, Trade, and Foreign Direct Investment on Labor Productivity Growth in Transition Countries: Evidence from the Croatian Manufacturing Industry”. Emerging Markets Finance and Trade 52 (2): 322-335.
  • Zinnes, Clifford et al. (2001). The Gains from Privatization in Transition Economies: Is ‘Change of Ownership’ Enough? IMF Staff Papers, 48, Special Issue: 146-170. Washington DC: IMF.

The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics

Year 2018, Issue: 85, 257 - 281, 30.04.2018

Rasim Yılmaz Julide Yalçınkaya Koyuncu

Abstract

We examine the relationship between various indicators of privatization and labor productivity. By exploiting a panel data set covering
the years between 1989 and 2008 and 19 transition economies and
using three labor productivity and six privatization indicators, we test
the hypothesis that privatization contributes to increase in productivity in transition economies. We identified a statistically significant
positive correlation between privatization and labor productivity.
Our results suggest that privatization positively affects productivity
in transition economies. The results also suggest that private sector
development has a positive impact on labor productivity through
privatization of state-owned firms rather than the entry of new private firms.

Keywords

Labor Productivity Privatization Efficiency Transition Economies the Turkic Republics

References

  • Ades, Alberto and Rafael Di Tella (1999). “Rents, Competition and Corruption”. American Economic Review 89: 982-993.
  • Bai et al. (2009). “How Does Privatization Work in China?”. Journal of Comparative Economics 37 (3): 453-470.
  • Belorgey, Nicolas et al. (2006). “Determinants of Productivity per Employee: An Empirical Estimation Using Panel Data”. Economics Letters 91 (2): 153-157.
  • Bennett, John et. al. (2004). Privatization Methods and Economic Growth in Transition Economies. FEEM Working Paper No. 105.04, Cass Business School Research Paper. Available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=569141
  • Bennett, John et al. (2007). “Methods of Privatization and Economic Growth in Transition Economies”. Economics of Transition 15 (4): 661-683.
  • Bjorvatn, Kjetil and Tina Soreide (2005). “Corruption and Privatization”. European Journal of Political Economy 21: 903-914.
  • Bloom, Nicholas et al. (2012). “The Land That Lean Manufacturing Forgot? Management Practices in Transition Countries”. Economics of Transition 20 (4): 593-635.
  • Boardman, Anthony and Aidan Vining (1989). “Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-owned Enterprise”. Journal of Law and Economics 32: 1-33.
  • Brown, J. David et al. (2004). Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia, and Ukraine. Upjohn Institute Staff Working Paper 04-107.
  • Brown, J. David et al. (2016). “Where Does Privatization Work? Understanding the Heterogeneity in Estimated Firm Performance Effects”. Journal of Corporate Finance 41: 329-362.
  • Boycko, Maxim et al. (1996). “A Theory of Privatization”. Economic Journal 106 (435): 309-319.
  • Cieslik, Andrzej and Monika Tarsalewska (2013). “Privatization, Convergence, and Growth”. Eastern European Economics 51 (1): 5-20.
  • Dessy, Orietta and Massimo Florio (2004). Workers’ Earnings in the UK Before and After Privatization: A Study of Five Industries. Universita di Milano Dipartimento di Economia Politica e Aziendale Working Paper 2004-13. http://www.aiel.it/Old/bacheca/MODENA/PAPERS/dessy_florio.pdf(Access Date: 01.06.2015)
  • Djankov, Simeon and Peter Murrell (2002). “Enterprise Restructuring in Transition: A Quantitative Survey.” Journal of Economic Literature 15 (3): 739–792.
  • Estrin, Saul et. al. (2009). “The Effects of Privatization and Ownership in Transition Countries”. Journal of Economic Literature 47 (3): 699-728.
  • Gronblom, Sonja and Johan Willner (2008). “Privatization and Liberalization: Costs and Benefits in the Presence of Wage-Bargaining”. Annals of Public and Cooperative Economics 79 (1): 133-160.
  • Kaufmann, Daniel and Paul Siegelbaum (1997). “Privatization and Corruption in the Transition Economies”. Journal of International Affairs 50 (2): 419-58.
  • Kocenda, Evzen and Jan Hanousek (2011). “Effects of the Czech Firms Break-Up on Their Profitability and Productivity”. Politicka Ekonomie 59 (5): 579-598.
  • Sheshinski, Eytan and Luis F. Lopez-Calva (2003). “Privatization and Its Benefits: Theory and Evidence”. CESifo Economic Studies 49 (3): 429-459.
  • Shi, Wendong and Jingwei Sun (2016). “The Impact of Privatization on Efficiency and Profitability: Evidence from Chinese Listed Firms, 2001-2010”. Economics of Transition 24 (3): 393-420.
  • Shleifer, Andrei and Robert W. Vishny (1994). “Politicians and Firms”. The Quarterly Journal of Economics 109: 995-1025.
  • Stiglitz, Joseph (2002). Globalization and Its Discontents. New York, NY: W.W. Norton & Company Press.
  • Vuksic, Goran (2016). “Effects of Private Ownership, Trade, and Foreign Direct Investment on Labor Productivity Growth in Transition Countries: Evidence from the Croatian Manufacturing Industry”. Emerging Markets Finance and Trade 52 (2): 322-335.
  • Zinnes, Clifford et al. (2001). The Gains from Privatization in Transition Economies: Is ‘Change of Ownership’ Enough? IMF Staff Papers, 48, Special Issue: 146-170. Washington DC: IMF.
There are 24 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Rasim Yılmaz

Julide Yalçınkaya Koyuncu This is me

Publication Date April 30, 2018
Published in Issue Year 2018 Issue: 85

Cite

APA Yılmaz, R., & Yalçınkaya Koyuncu, J. (2018). The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics. Bilig(85), 257-281.
AMA Yılmaz R, Yalçınkaya Koyuncu J. The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics. Bilig. April 2018;(85):257-281.
Chicago Yılmaz, Rasim, and Julide Yalçınkaya Koyuncu. “The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics”. Bilig, no. 85 (April 2018): 257-81.
EndNote Yılmaz R, Yalçınkaya Koyuncu J (April 1, 2018) The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics. Bilig 85 257–281.
IEEE R. Yılmaz and J. Yalçınkaya Koyuncu, “The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics”, Bilig, no. 85, pp. 257–281, April 2018.
ISNAD Yılmaz, Rasim - Yalçınkaya Koyuncu, Julide. “The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics”. Bilig 85 (April 2018), 257-281.
JAMA Yılmaz R, Yalçınkaya Koyuncu J. The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics. Bilig. 2018;:257–281.
MLA Yılmaz, Rasim and Julide Yalçınkaya Koyuncu. “The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics”. Bilig, no. 85, 2018, pp. 257-81.
Vancouver Yılmaz R, Yalçınkaya Koyuncu J. The Impact of Privatization on Labor Productivity in Transition Economies and the Turkic Republics. Bilig. 2018(85):257-81.
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