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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
. Privatization in a significant way has not taken place in India; nevertheless, the boundaries of the state as an industrial … growth has had a substantial impact in enhancing performance. Thus, the role of privatization as a mechanism to enhance …
Persistent link: https://www.econbiz.de/10014059550
While past decades were characterized by economic liberalization and deregulation, there re-mains an enduring presence of political influence over the private economy. Such influence can either benefit (e.g. government support addressed at survival and growth prospects) or harm (e.g. reduced...
Persistent link: https://www.econbiz.de/10014635316
Persistent link: https://www.econbiz.de/10012005672
This paper investigates the role that state-owned enterprises (SOEs) played during periods of economic sanctions against Iran. Using difference-in-difference techniques and exploiting survey data on the manufacturing sector, our analysis shows that the sanctions reduced revenues, profits, and...
Persistent link: https://www.econbiz.de/10014238522
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 …
Persistent link: https://www.econbiz.de/10011309155
The paper explores the business sector and firm age effects on firm performance mediated by foreign ownership levels in domestic firms and financial leverage by examining 146 Medium Enterprises (MEs). The results show that except for ownership, the business sector, firm age, foreign ownership...
Persistent link: https://www.econbiz.de/10012422502
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/10010494669
This paper estimates the effect of domestic and foreign privatization on multifactor productivity (MFP) using long … the data is used to measure and control for pre-privatization selection bias and to estimate long-run impacts. The data … imply steadily increasing MFP as a result of domestic privatization, reaching about 25 percent relative to state-owned firms …
Persistent link: https://www.econbiz.de/10003633914
This paper estimates the effect of privatization on multifactor productivity (MFP) using long panel data for nearly the … models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia … it lowers it 3%. Privatization to foreign rather than domestic investors has a larger impact, 18–35%, in all countries …
Persistent link: https://www.econbiz.de/10003311836