The study assesses the impact of privatisation on employment and output in Pakistan by using edible oil and cement sectors for a case study. Though the term privatisation has broad connotations, it stands for the transfer of ownership to the private sector in Pakistan. By the end of 2000, the...

This paper presents a general equilibrium model of interenterprise arrears, characterized by n-stage production technology with random productivity shocks. The model shows that large interenterprise arrears in transition economies may reflect substantial business risks in those countries and...

The study assesses the impact of privatization on employment and output in Pakistan by using edible oil and cement sectors as a case study. The study is both a policy and empirical analysis. The review of literature sets the stage for policy analysis, and allows us to assess the policy...

We use longitudinal methods and universal panel data on 30,000 initially state-owned manufacturing firms in four transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries consistently reject job losses and they never imply large wage...