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https://doi.org/10.1016/j.ruje.2015.05.001
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The state-owned company: "State failure" or "market failure"?
[Zeitschriftenartikel]
Abstract This article will analyze the activity of state-owned companies and their place in the structure of market relations from the standpoint of contemporary approaches to the study of "state failure" and "market failure". It will also consider the implications of the systematic embedding of private prop... mehr
This article will analyze the activity of state-owned companies and their place in the structure of market relations from the standpoint of contemporary approaches to the study of "state failure" and "market failure". It will also consider the implications of the systematic embedding of private property rights. In addition to considering the costs of the functions of state-owned companies, the authors address the actual experience of the Russian economy in the present day, the experience of forming state corporations and the risks associated with their operation. Particular attention will be paid to the inhibition of incentives to improve the general institutional environment and, conversely, to the increasing incidence of direct state intervention in matters that affect economic development. We will examine the various ways in which the growth of the public sector, de jure and de facto, reduces opportunities for implementing private property rights.... weniger
Thesaurusschlagwörter
Privatisierung
Klassifikation
Volkswirtschaftstheorie
Freie Schlagwörter
state-owned company; state-owned enterprise; state failure; market failure; political markets; state regulation; allocative efficiency; property rights
Sprache Dokument
Englisch
Publikationsjahr
2015
Seitenangabe
S. 55-80
Zeitschriftentitel
Russian Journal of Economics, 1 (2015) 1
ISSN
2618-7213
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0