The costs and benefits of privatization are considered, focusing on the current Russian conditions. The experience of many countries, as well as econometric and theoretical studies, a review of which is given in the paper, show that relative efficiency of privatized enterprises in comparison...

This paper uses the latest provincial data to study the productivity implications of ownership diversi¡¥cation in China's industry. It investigates the different performance of di?erent ownership sectors. It is found that there are significant differences in both production technology and the...