Brown, J. David; Earle, John S.; Telegdy, Almos - 2005
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 … it lowers it 3%. Privatization to foreign rather than domestic investors has a larger impact, 18-35%, in all countries …