Assessing privatization efficiency in CIS countries: financial, non-financial, and GDP-linked indicators
Chen J. Yerzhanov T. Shcheglova S. Mirzayev A.
5 December 2023University of Coruna, Faculty of Economics and Business
European Journal of Government and Economics
2023#12Issue 2157 - 174 pp.
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.
capital accumulation , efficiency , GDP , government spending , privatization
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Sejong University, South Korea
Academy of Public Administration under the President of the Republic of Kazakhstan, Kazakhstan
Transbaikal State University, Russian Federation
Azerbaijan State University of Economics (UNEC), Azerbaijan
Sejong University
Academy of Public Administration under the President of the Republic of Kazakhstan
Transbaikal State University
Azerbaijan State University of Economics (UNEC)
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