Hagemejer, Jan; Tyrowicz, Joanna; Svejnar, Jan - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2014
Despite an apparent consensus in the literature that privatization leads to increased productivity and profitability of firms, the problem of endogeneity bias is profound and has been emphasized in a number of meta-analyses. We propose a new method to address the endogeneity bias and apply it to...