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Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options

Listed author(s):
  • Pohl, G.
  • Anderson, R.E.
  • Claessens, S.
  • Djankov, S.

Bulgaria, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, and Slovenia. Because privatization methods show similar results, the extent of restructuring is compared across firms in the seven countries and used for determining which country.Measures of restructuring are examined, including profitability, proportion of the firms with a positive operating cash flow, average operating cash flow as a percent of revenue, growth of labor productivity, growth of total factor productivity, and growth of exports. Econometric analysis was also used to identify the government policies that most encouraged firms to restructure.

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Paper provided by World Bank - Technical Papers in its series Papers with number 368.

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Length: 32 pages
Date of creation: 1997
Handle: RePEc:fth:wobate:368
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