Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … greatly. State-owned enterprises reduced employment even absent privatization, producing sizeable joblessness and eliminating … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …

, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role …

the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …

privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several …Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …