Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/64326
Authors: 
Brown, J. David
Earle, John S.
Year of Publication: 
2007
Series/Report no.: 
Upjohn Institute Working Paper 07-137
Abstract: 
This paper estimates the effect of domestic and foreign privatization on multifactor productivity (MFP) using long panel data for nearly the universe of initially state-owned manufacturing firms in Ukraine. The longitudinal dimension of the data is used to measure and control for pre-privatization selection bias and to estimate long-run impacts. The data imply steadily increasing MFP as a result of domestic privatization, reaching about 25 percent relative to state-owned firms after six years. Until recently, Ukraine has had relatively few cases of privatization to foreign investors, and estimates of the MFP impact are more sensitive to controls for selection bias, but the results suggest foreign privatization produces a productivity advantage of about 40 percent in 2004-2005.
Subjects: 
productivity
privatization
selection bias
foreign ownership
Ukraine
JEL: 
D24
G34
L33
P31
Document Type: 
Working Paper

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