positive effects, and the effects of domestic privatization tend to be larger in countries with a more competitive business …

data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …

positive effects, and the effects of domestic privatization tend to be larger in countries with a more competitive business …