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A critical, but largely unexamined assumption in the debate over transition policy design concerns the complementarity or substitutability of market competition and private ownership in increasing firm efficiency. We analyze a simple Cournot model that distinguishes two aspects of privatization...
Persistent link: https://www.econbiz.de/10014136392
Persistent link: https://www.econbiz.de/10010196341
models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia … years after privatization to emerge in Russia. -- privatization ; productivity ; foreign ownership ; random growth model … ; transition ; Hungary ; Romania ; Russia ; Ukraine …
Persistent link: https://www.econbiz.de/10003311836
% in Hungary, and 3% in Ukraine, with some variation across specifications, while in Russia it lowers it about 4 … ambiguous even after 5 years in Russia. Pre-privatization MFP exceeds that of firms remaining state-owned in all countries … ; Romania ; Russia ; Ukraine ; transition …
Persistent link: https://www.econbiz.de/10002836325
percent in Hungary, and 2 percent in Ukraine, but a -3 percent effect in Russia. The foreign privatization effect is larger … continue growing thereafter, but only emerge five years after privatization in Russia …
Persistent link: https://www.econbiz.de/10012750613
models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia … years after privatization to emerge in Russia …
Persistent link: https://www.econbiz.de/10014061804
Romania, 22 percent in Hungary, and 3 percent in Ukraine, with some variation across specifications, while in Russia it lowers … continue to grow thereafter, but are still ambiguous even after 5 years in Russia. Pre-privatization MFP exceeds that of firms …
Persistent link: https://www.econbiz.de/10014067989
This study sheds light on small and medium-sized enterprise (SME) financing and its performance in Thailand. It elaborates on the key sources of finance existing for Thai manufacturing SMEs and their importance for SME performance as measured by technical efficiency, export performance, and...
Persistent link: https://www.econbiz.de/10011490747
This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...
Persistent link: https://www.econbiz.de/10003725990
This paper analyzes microeconomic production functions of Czech small medium enterprises. We use the data from 2002 to 2005 of thirty manufacturing industries (agriculture and services are not included), each divided into five subgroups according to the number of employees. We employ stochastic...
Persistent link: https://www.econbiz.de/10003790277