Redefining Property Rights with Specific Reference to Social Ownership in Successor States of Former Yugoslavia: Did it Matter for Economic Efficiency?

Isa Mulaj

MPRA Paper from University Library of Munich, Germany

Abstract: High economic growth rates after World War II characterized both socialism and capitalism. There have been impressive results in the former socialist block, Western Europe, USA, and Japan. Apart from these models based on private (capitalist) and state (socialist) ownership, the fastest economic growth in the world for some time was recorded in former Yugoslavia under social ownership with no specific owner having full ownership rights. The issue of property rights despite being subject to comparative analysis, did not matter much. After social ownership was privatized, the effects were not only as they were expected to be, but the countries like those that emerged from former Yugoslavia have yet to cope and strive for greater efficiency than before. This paper looks at the redefinition or privatization of social ownership in successor states of former Yugoslavia, and identifies the causes of smaller effects than expected of this redefinition.

Keywords: property rights; social ownership; privatization; former Yugoslavia (search for similar items in EconPapers)
JEL-codes: P26 (search for similar items in EconPapers)
Date: 2006-05-06
New Economics Papers: this item is included in nep-tra
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https://mpra.ub.uni-muenchen.de/5691/1/MPRA_paper_5691.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/5692/1/MPRA_paper_5692.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/5692/2/Isa.Mulaj.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/5692/3/Isa.Mulaj.pdf revised version (application/pdf)

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