This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic … performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically …. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving …

This paper deals with the privatization, restructuring, and liquidation of East German industrial firms. A partnership … model is suggested for privatization where the Government’s property trust (Treuhandanstait (THA)) is made a silent partner …