We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm …

policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms’ competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …

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 …

analysis shows that the estimated correlation of privatization and mortality in country-level data is not robust to recomputing … the mass-privatization measure, to assuming a short lag for economic policies to affect mortality, and to controlling for … evidence that privatization increased mortality during the early 1990s. Finally, we reanalyze the relationship between …

-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …

1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that ‘mass privatization’ is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …