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effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find … is driven by the impact of bureaucracy on the post-privatization business environment, with better institutional support … privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and …
Persistent link: https://www.econbiz.de/10010269020
privatization effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity … this effect is driven by the impact of bureaucracy on the post-privatization business environment, with better … privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and …
Persistent link: https://www.econbiz.de/10010288041
This report is concerned with the analysis of privatization and private sector development for the eastern and … development and, to a greater or lesser extent, privatization of stateowned assets. However, there is a great deal of … divided into two groups: one, including Algeria, Libya, and Syria, where reforms promoting privatization and private sector …
Persistent link: https://www.econbiz.de/10010326585
spite of a wave of crises and recessions in the late 1990s and early 2000s). Privatization has made a great deal of progress … somewhat. One of the main lessons for privatization policy makers in MENA countries from the experience in other regions is …
Persistent link: https://www.econbiz.de/10011430885
This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …
Persistent link: https://www.econbiz.de/10010324472
This paper analyzes the interconnection between elites and its effects on economic growth. For decades, the bureaucratic elite has been joining the business elite after leaving office, and this in growing numbers. This relationship has been termed the revolving door in English, pantouflage in...
Persistent link: https://www.econbiz.de/10010335988
We investigate the role of ownership structure and investor protection in postprivatization corporate governance. We find that the government relinquishes control over time, mainly to the benefit of local institutions and foreign investors. We also show that private ownership tends to...
Persistent link: https://www.econbiz.de/10011325056
This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …
Persistent link: https://www.econbiz.de/10011325031
This paper analyses the impact of vertical grants on local public sector efficiency. First, we develop a theoretical model in which the bureaucrat sets the tax price while voters choose the quantity of public services. In this model, grants reduce efficiency if voters do not misinterpret the...
Persistent link: https://www.econbiz.de/10010292377
explanation is based on the theory of bureaucracy and the imbalances emerging in the process of development. If Africa is ready …
Persistent link: https://www.econbiz.de/10010295449