equilibrium is rapid. The relationship between FDI and the privatization process is complex. Non-direct privatization schemes … negatively affect the speed of adjustment, whereas direct privatization strategies positively affect the equilibrium itself …. Privatization history increases equilibrium FDI stocks, independently of the method applied …

How fast transition should occur and how fast privatization and/or entry should take place in formerly socialist …

and massive privatization could well explain the phenomenon, and that the government's efforts to eliminate the arrears …