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Privatisation methods and economic growth in transition economies
Bennett, John; Estrin, Saul; Maw, James W.; Urga, Giovanni - 2004
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10011606670
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Theory of privatization in Eastern Europe : literature review
Schindele, Ibolya - 2003
This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …
Persistent link: https://www.econbiz.de/10011589468
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Privatization and restructuring in concentrated markets
Norbäck, Pehr-Johan; Persson, Lars - 2004
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10011606525
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Do competition and ownership matter? : evidence from local public transport in Europe
Boitani, Andrea; Nicolini, Marcella; Scarpa, Carlo - 2010
This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European...
Persistent link: https://www.econbiz.de/10008702341
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The factors behind CO2 emission reduction in transition economies
Zugravu, Natalia; Millock, Katrin; Duchêne, Gérard - 2008
The Central and Eastern European countries significantly reduced their carbon dioxide (CO2) emissions between 1995 and 2003. Was this emission reduction just the fortuitous result of the major economic transformation undergone by countries in the transition? Or is it rather a result of more...
Persistent link: https://www.econbiz.de/10008773051
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On judicial reform and corruption in developing and transition economies
Chong, Alberto; Cozzubo, Angelo - 2019
Persistent link: https://www.econbiz.de/10012215659
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Privatizations in developing countries and the government's budget constraint
Auriol, Emmanuelle; Picard, Pierre M. - 2002
with increasing returns to scale. We show that privatization is preferred to regulation for intermediate values of the … privatization is likely to disappear once the product market allows the entry of more than one firm.In this paper, we study the … show that privatization is preferred to regulation for intermediate values of the shadow cost of public funds (i.e., the …
Persistent link: https://www.econbiz.de/10011597781
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Great expectations : a tale of two transitions
Girardi, Daniele; Veneziani, Roberto; Wengle, Susanne - 2023
Over a quarter of the world's population lives in economies that have undertaken transitions from central planning to market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions and have had widely divergent outcomes. Important...
Persistent link: https://www.econbiz.de/10014455426
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Endogenous ownership structure : factors affecting the post-privatisation equity in largest Hungarian firms
Bishop, Kate; Filatotchev, Igor; Mickiewicz, Tomasz - 2002
Using a data set for 162 largest Hungarian firms during the period of 1994-1999 this paper explores the determinants of equity shares held by both foreign investors and by Hungarian corporations. We find evidence of a post-privatisation evolution towards more homogeneous equity structures, where...
Persistent link: https://www.econbiz.de/10011597686
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Corporate response to distress : evidence from the Asian financial crisis
Faccio, Mara (contributor); Sengupta, Rajdeep (contributor) - 2006
Persistent link: https://www.econbiz.de/10003740113