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Theory of Privatization in Eastern Europe: Literature Review

Schindele, Ibolya - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …

Persistent link: https://www.econbiz.de/10005385452

Privatisation Methods and Economic Growth in Transition Economies

Bennett, John; Estrin, Saul; Maw, James; Urga, Giovanni - Fondazione ENI Enrico Mattei (FEEM) - 2004

We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...

Persistent link: https://www.econbiz.de/10005385471

Privatization and Restructuring in Concentrated Markets

Norback, Pehr-Johan; Persson, Lars - Fondazione ENI Enrico Mattei (FEEM) - 2004

This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....

Persistent link: https://www.econbiz.de/10005570361

Privatization in Western Europe Stylized Facts, Outcomes, and Open Issues

Bortolotti, Bernardo; Milella, Valentina - Fondazione ENI Enrico Mattei (FEEM) - 2006

Privatization has certainly been one of the main events of the economic and financial history of the 20th century …. Between 1997 and 2004 more than 4,000 privatization operations were carried out in the world, bringing to governments revenues … factors. This paper investigates the causes of this process, summarizes the main trends of privatization activity at the …

Persistent link: https://www.econbiz.de/10005385379

The Political Economy of Privatization

Bortolotti, Bernardo; Pinotti, Paolo - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a “war of attrition” among …

Persistent link: https://www.econbiz.de/10005385457

The Missing Shock: The Macroeconomic Impact of British Privatisation

Florio, Massimo; Grasseni, Mara - Fondazione ENI Enrico Mattei (FEEM) - 2004

productivity trends. …

Persistent link: https://www.econbiz.de/10005423235

The Political Economy of Privatization: Why Do Governments Want Reforms?

Boerner, Kira - Fondazione ENI Enrico Mattei (FEEM) - 2004

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …

Persistent link: https://www.econbiz.de/10005570355

Environmental Innovations, Local Networks and Internationalization

Cainelli, Giulio; Mazzanti, Massimiliano; Montresor, Sandro - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper investigates the drivers of the environmental innovations (EI) introduced by firms in local production systems (LPS). The role of firm network relationships, agglomeration economies and internationalization strategies is analysed for a sample of 555 firms in the Emilia-Romagna region,...

Persistent link: https://www.econbiz.de/10009002700

Energy Regulation, Roll Call Votes and Regional Resources: Evidence from Russia

Grigoriadis, Theocharis N.; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper investigates the relative impact of regional energy production on the legislative choices of Russian Duma deputies on energy regulation between 1994 and 2003. We apply Poole’s optimal classification method of roll call votes using an ordered probit model to explain energy law reform...

Persistent link: https://www.econbiz.de/10005570258

Firm Regulation and Profit-Sharing: A Real Option Approach

Moretto, Michele; Valbonese, Paola - Fondazione ENI Enrico Mattei (FEEM) - 2006

To avoid high profit levels often experienced in countries where monopolies in public utility sectors are regulated through price-cap mechanisms, several regulatory agencies have recently introduced profit-sharing (PS) clauses aimed at obtaining price reductions to the benefit of consumers....

Persistent link: https://www.econbiz.de/10005385418