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"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
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investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is …
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This paper investigates a unique policy designed to maintain employment during the privatization of East German firms …
Persistent link: https://www.econbiz.de/10014337877
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of firm registration and performance data, we document that the massive SOE downsizing in the late 1990s significantly improved the quality of entrepreneur- ship. Compared with...
Persistent link: https://www.econbiz.de/10014372457
In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...
Persistent link: https://www.econbiz.de/10012470915
In 1997, France T‚l‚com, the state-owned French telephone company, went through a partial privatization. The government …
Persistent link: https://www.econbiz.de/10012471078
Many advocates of social security privatization argue that rates of return under a defined contribution individual … riskiness of stock investments. Confusion arises because three distinct reforms are muddled. By privatization we mean creating … about a quarter of all social security contributions, in perpetuity. Unlike privatization, prefunding would raise rates of …
Persistent link: https://www.econbiz.de/10012471082