Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108422
Authors: 
Brown, J. David
Earle, John S.
Telegdy, Álmos
Year of Publication: 
2005
Series/Report no.: 
Budapest Working Papers on the Labour Market BWP - 2005/10
Abstract: 
We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to workers' fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight negative effect in Russia, and they provide some evidence of positive foreign effects on both wages and employment in all four countries. The negligible employment impact of domestic privatization results from effects on efficiency and scale that are large, positive, but offsetting in Hungary and Romania, and from small effects of both types in Russia and Ukraine. The positive employment and wage bill consequences of foreign ownership result from a substantial scale-expansion effect that dominates the efficiency effect.
Subjects: 
privatization
employment
wages
foreign ownership
Hungary
Romania
Russia
Ukraine
JEL: 
D21
G34
J23
J31
L33
P31
ISBN: 
9639588660
Document Type: 
Working Paper

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