investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is …

The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter …, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe …, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern …

property rights and contracting rights protections contribute to stronger post-privatization performance. Second, we ask … public. We find an insignificant effect of privatization in ordinary least squares estimates and a negative short-term effect … after correcting for endogeneity of privatization decisions that disappears in the long run, consistent with recently …