-run rate of growth under private property is higher than or equal to that under common property. If the discount factors are … formed endogenously, under some circumstances common property can result in a higher rate of growth than private property …

"The paper evaluates the effects of privatization in the post-communist economies and China. In post …-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of … privatization to domestic owners are less impressive and vary across regions, coinciding with differences in policies and …