Asaftei, Gabriel; Kumbhakar, Subal C.; Mantescu, Dorin - In: Journal of Comparative Economics 36 (2008) 3, pp. 498-509
Using a panel data of manufacturing firms in Romania (1995-2003) we investigate productivity changes due to ownership and business environment. Our results show that privatization by itself is not sufficient for improving the productivity of enterprises. Fully private enterprises perform better...