Inflation Tax, Household Wealth, and Privatization in Poland

  • Przemyslaw T. Gajdeczka
Chapter
Part of the International Studies in Economics and Econometrics book series (ISEE, volume 29)

Abstract

Since 1989, countries of central and eastern Europe have undertaken major reforms aimed at the transformation of their economic system from one characterized by central planning to one based on market mechanisms. An essential part of the transition to a market economy involves far-reaching structural reforms, and in particular privatization. The scope of required privatization is unprecedented. In the majority of these countries, nearly all productive assets are still owned by the state; private sector contribution to GDP has been modest by international standards, and state-owned industries have dominated industrial output.1 In Poland, for example, it is estimated that some 8,000 firms will need to be privatized over the medium term.2

Keywords

Private Sector Household Wealth External Debt Enterprise Sector Household Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Springer Science+Business Media New York 1993

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  • Przemyslaw T. Gajdeczka

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