the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but … important in explaining the growth of the transition countries in the years since the end of the Cold War. In the mid 90s a …

When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the … show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of …

workforce education should promote better management, and ultimately faster economic growth …

"This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …

investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is … reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping …

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms … instrumental variable approach, confirms these findings. We estimate a 22% points higher annual employment growth rate, a 14 …% points higher annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment …

In 1997, France T‚l‚com, the state-owned French telephone company, went through a partial privatization. The government …