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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/10005233777
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
This paper focuses on some of the major problems of the Hungarian banking system and investigates the possible ways to deal with these problems. It discusses the issue of bank restructuring, concentrating on the large commercial banks for which direct or indirect state ownership is decisive....
Persistent link: https://www.econbiz.de/10005791244
socialism in Hungary in 1990, political parties decided again to restructure agriculture. A new land distribution was carried …
Persistent link: https://www.econbiz.de/10008530403
employer-employee data (LEED) from Hungary containing 1.35mln worker-year observations for 21,238 firms from 1986 to 2003. We …
Persistent link: https://www.econbiz.de/10005141966
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
Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated …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 …
Persistent link: https://www.econbiz.de/10005030683
Persistent link: https://www.econbiz.de/10005685306
pension plans in Hungary and funding now for the past service pension credits of their members, provides an ideal avenue for … privatizing a large part of the state owned sector in Hungary. …
Persistent link: https://www.econbiz.de/10005688093