Showing 1 - 10 of 101
This paper considers the Russian privatization process through the end of voucher privatization and examines how its … impossible due to the dearth of reliable data, it is feasible to analyze the institutional features of Russian privatization in … terms of their effect on redistribution of wealth. The attempt is made to consider distributional effects of privatization …
Persistent link: https://www.econbiz.de/10005677391
The "big-bang" liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analyzing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyze 1992-1998 panel data on 14,961 enterprises covering 75 percent of...
Persistent link: https://www.econbiz.de/10005652516
does not receive support in the ownership but the indicator of voucher privatization supports it. The initial conditions … from early 90's were not the driving the financial distress. The voucher-scheme privatization results in poorer corporate …
Persistent link: https://www.econbiz.de/10005784676
We study bank discrimination against private firms in transition countries. Theoretically, we show that banks may discriminate for non-profit reasons, but this discrimination diminishes with a bank’s incentives and human capital. Employing matching bank-firm data from China, we empirically...
Persistent link: https://www.econbiz.de/10005207887
We investigate whether competitive forces and privatization have yet began to play an efficiency-enhancing role in … Russia. We also explore the economic effects of harder budget constraints on enterprise behavior. The empirical work is based … conclude that privatization is having an impact on enterprise efficiency and restructuring but domestic market structure and …
Persistent link: https://www.econbiz.de/10005677389
conducted in Russia in February 2005, I find that the original sin of an illegal privatization is difficult to expunge … their ill-gotten gains legitimate by doing good works?2 This is a critical question for developing countries (and Russia in … particular) where privatization is often opaque and businesspeople may receive property, but remain unwilling to use it …
Persistent link: https://www.econbiz.de/10005677425
According to leading economic theorists, creating capitalism out of communism requires rapid privatization. In this … article we empirically test the welfare implications of privatization policies in Post-Soviet countries by using cross …-national panel mortality data as an indicator of social costs. We find that rapid privatization – whether measured by a novel measure …
Persistent link: https://www.econbiz.de/10005677434
Post-privatization restructuring of former state-owned enterprises (FSOEs) encompasses both shorter-run "defensive …
Persistent link: https://www.econbiz.de/10005677509
This paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...
Persistent link: https://www.econbiz.de/10005677517
In pursuit of its transition from a command to a market economy, Russia has witnessed enormous regional differences in … direct correspondence with growth. We also find that regional differences in large-scale privatization exhibit a positive …
Persistent link: https://www.econbiz.de/10005677524