This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …

liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …

inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of …

The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the … and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation …

This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic … performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically …. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving …

Although a centerpiece of the reform process in Central and Eastern Europe, large-scale privatization cannot be … the allocative efficiency implications of alternate sequences of privatization in a reforming planned economy with two …

stability, privatization of large enterprises, minimizing government interference with economic signals, and the imposition of …

, privatization methods had a lasting effect on ownership structure in Ukraine. …