firms in Indonesia. We consider two leading hypotheses: (1) public sector enterprises are inefficient due to monitoring … sector ownership has no independent impact on productivity growth. The finding that ownership per se does not matter, but …

down production. This paper asks whether foreign owners are more likely to close plants than domestic owners. In Indonesia … for plant size and productivity, we find that foreign plants are significantly more likely to close than comparable …

fire protection to public schools and public transit. However, we know little about public sector's productivity in … delivering key services. To understand the productivity both over time and across space, we examine public bus service, which … result in cost savings of $5.7 billion in 2011 and that the gain in economic efficiency from more closely aligning bus fares …

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …

baseline case where financial frictions are zero. Consistent with theory, small firms and firms without bond ratings show the …