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the competition shock to the European textile sector, triggered by the 2001 removal of import quotas on Chinese textiles …

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Committing to grow : privatizations and firm dynamics in East Germany

Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - 2023

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we...

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