期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2016
卷号：6
期号：3
页码：948-957
语种：English
出版社：EconJournals
摘要：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.
其他摘要：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.
