of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …

In 2004 the Austrian-based OMV acquired in a privatization process 51% of the Romanian national oil company Petrom. Two … and a half years later this privatization is again in the focus of political attention in Romania. The current government …. The whole issue of privatization is on the agenda. This paper investigates the privatization of Petrom in its historical …

Comprehensive panel data on privatization transactions and labor productivity in Romanian industrial corporations are … used to describe the post-privatization ownership structure, and to estimate the effect of Romania's diverse privatization … transfers and mass privatization are estimated to have significantly smaller-although still positive-effects on firm performance. …

privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why …. Respondents with poor human capital and few assets support revising privatization due to a preference for state over private … property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of …

China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … in the world in the past twenty-two years. That China has managed to grow so rapidly despite the absence of many … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …

We analyse politically motivated privatization design in a bipartisan environment where politicians lack commitment … power. Suppose the median class voters a priori favour redistributive policies. If the privatization programme succeeds in …, the larger the necessary underpricing. When inequalities are large this leads to voucher privatization. Shifting the …

Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off …