. -- productivity ; reallocation ; industry dynamics ; entry ; exit ; creative destruction ; reform ; transition ; Georgia ; Hungary …

Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated … result from effects on scale, productivity, and costs that are large but offsetting in Hungary and Romania, and from small … effect that dominates the effect on costreduction. -- privatization ; employment ; wages ; foreign ownership ; Hungary …