Showing 1 - 10 of 1,715
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …
Persistent link: https://www.econbiz.de/10011402871
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run … impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public …` options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed …
Persistent link: https://www.econbiz.de/10013317697
This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies … is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector …
Persistent link: https://www.econbiz.de/10013317741
Cournot model that distinguishes two aspects of privatization interacting with market opening: privatization of a firm and … privatization of its competitors. Under plausible conditions, the model implies that privatizing a firm is a substitute for exposing …
Persistent link: https://www.econbiz.de/10014136392
experience with privatization and liberalization was brought into a new light by the recent economic crisis. It is unlikely that …
Persistent link: https://www.econbiz.de/10013158987
policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …
Persistent link: https://www.econbiz.de/10011706387
Persistent link: https://www.econbiz.de/10009583399
about privatization method, focusing on the choice between free distribution (so called ‘mass privatization’) and management … firms off its hands. Although mass privatization apparently conflicts with revenue maximization, we show that nonetheless it … privatization is more likely to be chosen if the government is politically weak. -- Privatization methods ; Transition economies …
Persistent link: https://www.econbiz.de/10003342120
-oriented issue of why a large number of efficient firms disappeared during mass privatization in a booming economy of Montenegro …. Econometrically, we present the first study to look at firms that disappeared during a mass privatization transition, improving upon … remaining in samples when estimating the effects of privatization or other ownership changes. We also show that one needs to …
Persistent link: https://www.econbiz.de/10010226663
Economic self-interest and social considerations are the key determinants of public support for market reforms in transition countries. However, political strategies that rely mainly on public support for pushing through economic reforms have limited relevance if the prevailing institutional...
Persistent link: https://www.econbiz.de/10011471099