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models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia …This paper estimates the effect of privatization on multifactor productivity (MFP) using long panel data for nearly the … measure and control for pre-privatization selection bias and to estimate long-run impacts. We find that the magnitudes of our …
Persistent link: https://www.econbiz.de/10005292578
We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to … workers' fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight … countries. The negligible employment impact of domestic privatization results from effects on efficiency and scale that are …
Persistent link: https://www.econbiz.de/10005157524
We analyze the pace and patterns of job reallocation in Ukraine using 1992-2000 panel data on nearly the surviving …
Persistent link: https://www.econbiz.de/10005762442
after six years. Until recently, Ukraine has had relatively few cases of privatization to foreign investors, and estimates …This paper estimates the effect of domestic and foreign privatization on multifactor productivity (MFP) using long … panel data for nearly the universe of initially state-owned manufacturing firms in Ukraine. The longitudinal dimension of …
Persistent link: https://www.econbiz.de/10004970726
models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia …This paper estimates the effect of privatization on multifactor productivity (MFP) using long panel data for nearly the … measure and control for pre-privatization selection bias and to estimate long-run impacts. We find that the magnitudes of our …
Persistent link: https://www.econbiz.de/10005030679
We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in … Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated …
Persistent link: https://www.econbiz.de/10005030683
This paper estimates the effects of privatization on worker separations and wages using retrospective data from a … differences and to assess types of observable "winners" and "losers" from privatization. Preprivatization worker-firm matches are … used to control for unobservables in worker and firm selection. The results imply that privatization reduces wages by 5 …
Persistent link: https://www.econbiz.de/10005030687
democratic postcommunist countries might break with an illiberal status quo. The fusion of Ukraine's rent-seeking economic … explanation of the pressures that generated Ukraine's challenge to illiberalism in 2004. We examine this story with a particular …
Persistent link: https://www.econbiz.de/10005585015
transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries … consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The … domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude …
Persistent link: https://www.econbiz.de/10005649911