-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves …

a model transition economy after mass privatization. Specifications based on first-differences and unusual instrumental … variables show that contrary to conventional wisdom, the effects of privatization and different types of ownership are limited … findings of positive effects of privatization on performance were premature, with the effects of many types of ownership being …