Huang, Zhangkai; Liu, Jinyu; Ma, Guangrong; Xu, Lixin Colin - 2020
decisions highly contingent on firm characteristics and past performance, complicating the identification of the privatization … 1990s. Relying on the regression discontinuity design, the analysis finds that privatizations led to productivity gains of … specification (including its random-growth variant). The paper further finds that the privatization effects are significantly larger …
