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Effects of privatization and ownership in transition economies
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SYSNO ASEP 0389921 Document Type V - Research Report R&D Document Type The record was not marked in the RIV Title Effects of privatization and ownership in transition economies Author(s) Estrin, S. (GB)
Hanousek, Jan (NHU-N) RID
Kočenda, Evžen (NHU-N) RID
Švejnar, Jan (NHU-N) RIDIssue data [Milton Keynes]: [The Open University, Faculty of Social Sciences, FINNOV Research Office], 2011 Series FINNOV discussion paper Series number 6.6 Number of pages 50 s. Language eng - English Country GB - United Kingdom Keywords privatization ; ownership ; firm performance Subject RIV AH - Economics R&D Projects 7E10066 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ AV0Z70850503 - NHU-N (2005-2011) Annotation In this paper, we evaluate what we have learned to date about the effects of privatization from the experiences during the last fifteen to twenty years in the post-communist (transition) economies and, where relevant, China. We distinguish separately the impact of privatization on efficiency, profitability, revenues, and other indicators and distinguish between studies on the basis of their econometric methodology in order to focus attention on more credible results. The effect of privatization is mostly positive in Central Europe, but quantitatively smaller than that to foreign owners and greater in the later than earlier transition period. In the Commonwealth of Independent States, privatization to foreign owners yields a positive or insignificant effect while privatization to domestic owners generates a negative or insignificant effect. The available papers on China find diverse results, with the effect of non-state ownership on total factor productivity being mostly positive but sometimes insignificant or negative. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2013
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