Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "2131"
  #_source: array:26 [
    "id" => "2131"
    "slug" => "on-the-dynamic-consistency-of-economy-wide-privatization-a-theoretical-approach"
    "yearMonth" => "1997-06"
    "year" => "1997"
    "title" => "On the Dynamic Consistency of Economy-Wide Privatization: A Theoretical Approach"
    "description" => "BESANCENOT, D. et VRANCEANU, R. (1997). On the Dynamic Consistency of Economy-Wide Privatization: A Theoretical Approach. <i>Economic Systems</i>, pp. 151-164."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "VRANCEANU Radu"
        "bid" => "B00000524"
        "slug" => "vranceanu-radu"
      ]
      1 => array:1 [
        "name" => "BESANCENOT D."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2023-03-08 09:29:44"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "151-164"
      "volume" => ""
      "number" => ""
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'objet de cet article est d'étudier la cohérence interne d'une politique de privatisation généralisée. Le développement du secteur privé permet un accroissement de la production totale mais entraîne également une réduction du suremploi et un accroissement peu souhaitable du chômage. Par une approche dynamique, et en supposant une formation rationnelle des anticipations, il est montré qu'un Etat ayant comme objectif prioritaire la protection de l'emploi peut néanmoins mener une première phase de privatisation rapide. Cette étape initiale, dont l'objectif consiste à influencer les anticipations, est suivie d'un ralentissement du rythme de privatisation, en apparente contradiction avec la politique antérieure."
      "en" => "This paper investigates the macroeconomic behaviour of an economy shifting from state to private ownership. In the model, privatization not only fosters growth, but also entails a fall in labour hoarding and an increase in unemployment. Governments may balance these two conflicting objectives by choosing either a fast or a slow privatization policy. We analyse how incomplete information about the type of government influences policy choices. It is shown that an employment-oriented government may start by undertaking a fast privatization policy and reveal its true nature by adopting a slow pace in a second phase."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-11-21T10:21:50.000Z"
    "docTitle" => "On the Dynamic Consistency of Economy-Wide Privatization: A Theoretical Approach"
    "docSurtitle" => "Articles"
    "authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, BESANCENOT D."
    "docDescription" => "<span class="document-property-authors">VRANCEANU Radu, BESANCENOT D.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">1997</span>"
    "keywordList" => ""
    "docPreview" => "<b>On the Dynamic Consistency of Economy-Wide Privatization: A Theoretical Approach</b><br><span>1997-06 | Articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">On the Dynamic Consistency of Economy-Wide Privatization: A Theoretical Approach</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 9.064929
  +"parent": null
}