it to the railroad, electricity, and telecommunications sectors in Russia, Lithuania, Romania, and Poland …

reallocate. For restructuring to occur requires imposition of hard budget constraints and increases in competition. These in turn …

-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 …

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 …