regional competition isrelated with better performance. Secondly, privatization per se isnot. If there is one ownership …

above average size, initial profitability and initial labor productivity. After controlling for this selection bias, we find … that foreign investment has a positive, but statistically insignificant, impact on TFP (Total Factor Productivity) growth …

Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …

efficiency gains result from better incentives and productivity, rather than from wholesale firing of employees and profitability …

productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …

plants exist. The results indicate that divestment is associated with a drop in total factor productivity accompanied by a …