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 …

policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the …

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 …

greatly. State-owned enterprises reduced employment even absent privatization, producing sizeable joblessness and eliminating …

When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the … show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of …

Social contracts about inequality and redistribution are country-specific. We rely on a model of inequality and … redistribution where multiple steady states can emerge in given country. We link the model to the recent literature on beliefs and … we call 'dissipative inclusion', where redistribution and social inclusion are effectively achieved but accompanied by …