Showing 1 - 10 of 110
The paper analyses governments’ trade-off between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly …
Persistent link: https://www.econbiz.de/10005124293
privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …
Persistent link: https://www.econbiz.de/10009351519
This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …
Persistent link: https://www.econbiz.de/10009399719
examines the impact of the privatization of kibbutzim on fertility behavior among members. We find that fertility declined by 6 …-15 percent following the shift to privatization. In light of the massive change in financial costs associated with childbearing … due to privatization, our results suggest that financial considerations may be a more modest factor in fertility decisions …
Persistent link: https://www.econbiz.de/10009367434
This paper interprets the existing evidence on enterprise restructuring in Poland, Hungary and the Czech Republic. Despite differences in restructuring policies, the pattern of observed restructuring appears similar in the three countries. Contrary to initial expectations, managers of SOEs have...
Persistent link: https://www.econbiz.de/10005662184
This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … to regulatory and private property rights. We present evidence suggesting that progress in privatization is correlated …
Persistent link: https://www.econbiz.de/10005662345
autocracy and weak governance institutions there is no significant difference in support for revising privatization between high … level of support for revising privatization between the high and low skilled grows dramatically. This finding contributes to …
Persistent link: https://www.econbiz.de/10005666546
, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … major test of political commitment to safer private property rights. We investigate whether successful privatization has a … privatization gradually leads to increased confidence. Moreover, increased confidence has a strong effect on local market …
Persistent link: https://www.econbiz.de/10005666557
This paper investigates the role of structural reforms –privatization, financial reform and trade liberalization– as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10005666624
Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment outlined in the literature: enterprise ownership; corporate governance; market structures and competition;...
Persistent link: https://www.econbiz.de/10005666814