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Privatization's Impacts on State-Owned Enterprises : A Tale of Zombie versus Healthy Firms
Wang, Ruiting; Wang, Xue; Xu, Gang; Zha, Tao - National Bureau of Economic Research - 2024
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …
Persistent link: https://www.econbiz.de/10015056119
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Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries : 11 Years Later
Godoy, Sergio - 2006
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 …
Persistent link: https://www.econbiz.de/10012466679
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After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
Hoff, Karla - 2002
When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the … show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of …
Persistent link: https://www.econbiz.de/10012469426
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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries
Bloom, Nicholas - 2011
We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...
Persistent link: https://www.econbiz.de/10012461426
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Ownership versus Environment : Why are Public Sector Firms Inefficient?
Bartel, Ann P. - 1999
In this paper we disentangle the sources of public sector inefficiency using 1982-1995 panel data on manufacturing firms in Indonesia. We consider two leading hypotheses: (1) public sector enterprises are inefficient due to monitoring problems and (2) public sector enterprises are inefficient...
Persistent link: https://www.econbiz.de/10012471757
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Shotgun Wedding : Fiscal and Monetary Policy
Bassetto, Marco - 2020
This paper describes interactions between monetary and fiscal policies that affect equilibrium price levels and interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation, and (c) conditions that secure a "nominal anchor'' in the...
Persistent link: https://www.econbiz.de/10012481961
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Inferring Welfare Maximizing Treatment Assignment under Budget Constraints
Bhattacharya, Debopam - 2008
This paper concerns the problem of allocating a binary treatment among a target population based on observed covariates. The goal is to (i) maximize the mean social welfare arising from an eventual outcome distribution, when a budget constraint limits what fraction of the population can be...
Persistent link: https://www.econbiz.de/10012464200
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Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints
Strong, Aaron - 2008
This paper has two objectives. First, we identify a problem with the ability of the discrete-continuous choice (DCC) framework and conditional demand functions to fully describe consumer preferences in the presence of kinked budget constraints. Second, we propose and illustrate an alternative,...
Persistent link: https://www.econbiz.de/10012464344
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The Effect of Soft Budget Constraints on Access and Quality in Hospital Care
Shen, Yu-Chu - 2008
Given an increasingly complex web of financial pressures on providers, studies have examined how the hospitals' overall financial health affect different aspects of hospital operation. In our study, we analyze this issue focusing on hospital access and quality by introducing an important aspect...
Persistent link: https://www.econbiz.de/10012464391
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Investment, Fundamentals and Finance
Gilchrist, Simon - 1998
Financial variables such as cash flow and cash stocks are robust and quantitatively important explanatory variables for investment at the firm-level. A large body of recent empirical work attributes these findings to capital market imperfections. This interpretation is controversial, however,...
Persistent link: https://www.econbiz.de/10012472158