-socialist transition using financial data very little is known about how the apparent productivity gains were achieved. This paper follows … sources and limits of productivity growth. The data suggests that the factory was not far from the competitive optimum given …

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on … emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of … privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting …

In 2004 the Austrian-based OMV acquired in a privatization process 51% of the Romanian national oil company Petrom. Two … and a half years later this privatization is again in the focus of political attention in Romania. The current government …. The whole issue of privatization is on the agenda. This paper investigates the privatization of Petrom in its historical …

1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that 'mass privatization' is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … firms using initial labor productivity to indicate firms' competitiveness. Our results highlight that firms with higher … baseline productivity are more likely to be privatized, yield higher sales prices, are more often acquired by West German …

policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …