Year: 1995
Author: Lucke, Bernd
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 393–428
Abstract
The privatization policies of the Treuhandanstalt in its efforts to denationalize East German enterprises is evaluated econometrically using internal Treuhand data. Using present value restrictions a simple theoretical model implies testable implications on the signs of the regression coefficients. Private investors will, in particular, never be bound by both their investment and their job creation pledge. Least squares and a robust least absolute residuals estimation yield results which are basically in accord with the theoretic requirements. The estimated coefficients suggest that the Treuhandanstalt successfully initiated growth impulses, but at high costs to the overall economy.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.115.3.393
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 393–428
Published online: 1995-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 36