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Effects of privatization and ownership in transition economies

Estrin, Saul; Hanousek, Jan; Kočenda, Evžen; Švejnar, Jan - 2009

"The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...