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Ten years after the start of transition, there are many puzzles we still have to live with. Why did all countries experience strong declines in output at the outset of economic transformations and most of them are slowly, if at all, recovering from this "transitional recession"? How can these...
Persistent link: https://www.econbiz.de/10013321028
This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with empirical findings, our model implies that...
Persistent link: https://www.econbiz.de/10011327829
lowest among top 20 largest cities by population. We estimate the cost savings from privatization and explore the political … economy of why privatization rates are lower in high cost unionized areas. Our analysis finds that the full privatization …
Persistent link: https://www.econbiz.de/10012969702
This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimising public firm. Workers in the economy are heterogeneous in their motivation to work in the sector. In line with empirical findings, our model implies that firms in the...
Persistent link: https://www.econbiz.de/10013320250
This paper studies relations between availability of skilled workers and creation of private firms in transition economies using a dynamic general equilibrium model. It shows how the lack of skilled workers lowers the rate of creation of private firms by increasing wages and hence lowering...
Persistent link: https://www.econbiz.de/10014191681
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition …
Persistent link: https://www.econbiz.de/10010267876
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition … era to permit free competition and effective governance by new owners. -- enterprise restructuring ; privatization …
Persistent link: https://www.econbiz.de/10003328064
analysis shows that the estimated correlation of privatization and mortality in country-level data is not robust to recomputing … the mass-privatization measure, to assuming a short lag for economic policies to affect mortality, and to controlling for … evidence that privatization increased mortality during the early 1990s. Finally, we reanalyze the relationship between …
Persistent link: https://www.econbiz.de/10003957437
This paper investigates the effects of domestic privatisation or foreign acquisition of Chinese State Owned Enterprises (SOEs) on employment growth, using firm level data for China and a combination of propensity score matching and difference-in-differences in order to identify the causal...
Persistent link: https://www.econbiz.de/10003500290
means of privatization of a formerly centrally based economy. The “Big Bang” exit, characterized by the radical “shock … therapy” prescriptions adopted by many of the Eastern European countries, involves immediate privatization of the state sector … disengagement pursued by China, involves the initial creation of a nonstate sector followed by limited privatization of the state …
Persistent link: https://www.econbiz.de/10013119386