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

insufficient claims on state owned enterprises. The centralized privatization of state owned enterprises, which bypasses the East … German population, is seen as a major obstacle to quick recovery, and an alternative privatization procedure is discussed …

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 …