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 …

investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is … reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping …

face uninsurable risks. We simulate a stylized 50-percent privatization using an overlapping-generations model where … insurable, privatization produces about $21,900 of new resources for each future household (growth adjusted over time) after all …, privatization reduces efficiency by about $5,600 per future household despite improved labor supply incentives …

's reform -- the first major privatization that also served as a model for other countries -- actually increased labor market … the time of the reform, in an effort to protect their previous contributions, undercuts potential efficiency gains. Chile … distortions. It is then shown that privatization with limited transition relief can reduce labor market distortions and produce …

While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly … and widely taking place in China, it is much less known whether and to what extent privatization has improved resource … allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study …

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 …

We analyze the way in which social security privatization reform affects labor market outcomes. We develop a model of … side by side. According to our model, a social security reform that reduces the implicit tax on labor in the formal sector …