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dc.contributor.authorEarle, John S.en
dc.contributor.authorTelegdy, Álmosen
dc.date.accessioned2009-01-28T16:20:10Z-
dc.date.available2009-01-28T16:20:10Z-
dc.date.issued2001-
dc.identifier.urihttp://hdl.handle.net/10419/21183-
dc.description.abstractWe construct and analyze a unique database with 1992-99 information on privatizationtransactions and labor productivity for the entire surviving population of initially state-ownedindustrial corporations in Romania. The data permit us to describe the post-privatizationownership structure and to test the effect of alternative privatization policies on firmperformance in a panel framework. The results of OLS, LAD, and fixed-effects estimationsconsistently show a positive, highly significant effect of private ownership share on the leveland growth of labor productivity, the estimates ranging from 13 to 32 log points for the level,and 9 to 16 for productivity growth. The strongest estimated impacts arise from sales toforeign and domestic blockholders, but insider and mass privatization are also estimated tohave positive, although smaller, impacts on firm performance.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x326en
dc.subject.jelP20en
dc.subject.jelL32en
dc.subject.jelG34en
dc.subject.jelL33en
dc.subject.jelG32en
dc.subject.jelP31en
dc.subject.ddc330en
dc.subject.keywordPrivatizationen
dc.subject.keywordownershipen
dc.subject.keywordfirm performanceen
dc.subject.keywordrestructuringen
dc.subject.keywordtransitionen
dc.subject.keywordRomaniaen
dc.subject.stwPrivatisierungen
dc.subject.stwArbeitsproduktivitäten
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwEigentümerstrukturen
dc.subject.stwÜbergangswirtschaften
dc.subject.stwSchätzungen
dc.subject.stwRumänienen
dc.titlePrivatization and Productivity in Romanian Industry: Evidence from a Comprehensive Enterprise Panel-
dc.typeWorking Paperen
dc.identifier.ppn843983930en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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