employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28% in Romania, 22 …We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe …%. Privatization to foreign rather than domestic investors has a larger impact (about 44%) and is much more consistent across countries …

gains had to be sacrificed. -- Privatization ; Government objectives; Firm Efficiency ; Employment ; Wages ; Romania …Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was … explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that …

. -- privatization ; government objectives ; Romania …With the help of a peculiar institutional feature of early Romanian privatization, when a group of firms was explicitly … that politicians sheltered large and inefficient firms from privatization, which paid low wages and had high overdue …