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Die Privatisierungspolitik der Treuhandanstalt

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Lucke, B. Die Privatisierungspolitik der Treuhandanstalt. . Eine ökonometrische Analyse. Journal of Contextual Economics – Schmollers Jahrbuch, 115(3), 393-428. https://doi.org/10.3790/schm.115.3.393
Lucke, Bernd "Die Privatisierungspolitik der Treuhandanstalt. Eine ökonometrische Analyse. " Journal of Contextual Economics – Schmollers Jahrbuch 115.3, 1995, 393-428. https://doi.org/10.3790/schm.115.3.393
Lucke, Bernd (1995): Die Privatisierungspolitik der Treuhandanstalt, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 115, iss. 3, 393-428, [online] https://doi.org/10.3790/schm.115.3.393

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Die Privatisierungspolitik der Treuhandanstalt

Eine ökonometrische Analyse

Lucke, Bernd

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 393–428

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Lucke, Bernd

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.