The Impact of Privatization in Transition Economies ickes comments
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Does privatization raise productivity ? Evidence from comprehensive panel data on manufacturing firms in
We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially state-owned manufacturing firms in four economies. Controlling for firm and industry-year fixed effects and employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28% in Romania, 22% in Hungary, and 3% in Ukrain...
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