Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote...

Purpose – This paper aims to describe a planning and implementation model for privatizing state‐owned enterprises (SOEs) in developing countries. Design/methodology/approach – The privatization model, developed within the context of selection, transition, and sustainability phases,...