Download full text
(external source)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://doi.org/10.1016/j.ruje.2015.05.001
Exports for your reference manager
The state-owned company: "State failure" or "market failure"?
[journal article]
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... view more
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.... view less
Keywords
privatization
Classification
National Economy
Free Keywords
state-owned company; state-owned enterprise; state failure; market failure; political markets; state regulation; allocative efficiency; property rights
Document language
English
Publication Year
2015
Page/Pages
p. 55-80
Journal
Russian Journal of Economics, 1 (2015) 1
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0