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It is generally agreed that privatization of state-owned enterprises (SOEs) improves economic efficiency, but it is … a theoretical model of the macroeconomic relationships between privatization, efficiency, output, and employment. The … model explains how privatization affects employment in transition and developing economies through different, and often …
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This paper examines the effect of transition and of political instability on FDI flows to the transition economies of Central Europe, the Baltics and the Balkans. We find that FDI to transition economies unaffected by conflict and political instability exceed those that would be expected for...
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