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models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia … years after privatization to emerge in Russia. -- privatization ; productivity ; foreign ownership ; random growth model …This paper estimates the effect of privatization on multifactor productivity (MFP) using long panel data for nearly the …
Persistent link: https://www.econbiz.de/10003311836
dominates the efficiency effect. -- privatization ; employment ; wages ; foreign ownership ; Hungary ; Romania ; Russia …We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to … workers’ fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight …
Persistent link: https://www.econbiz.de/10003435299
Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated …We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in …
Persistent link: https://www.econbiz.de/10003292441
ambiguous even after 5 years in Russia. Pre-privatization MFP exceeds that of firms remaining state-owned in all countries …We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe … employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28% in Romania, 22 …
Persistent link: https://www.econbiz.de/10002836325
percent in Hungary, and 2 percent in Ukraine, but a -3 percent effect in Russia. The foreign privatization effect is larger … continue growing thereafter, but only emerge five years after privatization in Russia …This paper estimates the effect of privatization on multifactor productivity using comprehensive panel data on …
Persistent link: https://www.econbiz.de/10012750613
Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated …We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in …
Persistent link: https://www.econbiz.de/10014060272
models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia … years after privatization to emerge in Russia …This paper estimates the effect of privatization on multifactor productivity (MFP) using long panel data for nearly the …
Persistent link: https://www.econbiz.de/10014061804
continue to grow thereafter, but are still ambiguous even after 5 years in Russia. Pre-privatization MFP exceeds that of firms …We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe … employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28 percent in …
Persistent link: https://www.econbiz.de/10014067989
Finland s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...
Persistent link: https://www.econbiz.de/10011509381
This paper examines a different way of privatization from existing literature. In a mixed duopoly Hotelling type model … privatization always improves social welfare comparing to no privatization at all. And comparing to privatizing the public firm in …
Persistent link: https://www.econbiz.de/10012972141