Estrin, Saul; Hanousek, Jan; Kočenda, Evžen; Švejnar, Jan - 2009
/or
ineffectively enforced property rights and insufficiently developed capital markets (see
Daron Acemoglu, Simon Johnson and James … establishment and
enforcement of a market-oriented legal system and accompanying institutions able to
create well-defined property …
privatization started to be advocated as a means of establishing clear property rights,
providing economic incentives and …