期刊名称：CERT Discussion Paper / Center for Economic Reform and Transformation
出版年度：2008
卷号：2008
出版社：Edinburgh
摘要：We use longitudinal methods and universal panel data on
30,000 initially state-owned manufacturing firms in four transition economies to
estimate the impacts of privatization on employment and wages. The results in
all four countries consistently reject job losses and they never imply large
wage cuts from privatization to either foreign or domestic owners. The domestic
privatization estimates are close to zero for employment, while for wages they
are negative but small in magnitude; estimated foreign privatization effects are
nearly always positive and sometimes large for both outcome variables. We find
that the negligible consequences of domestic privatization result from effects
on scale, productivity, and costs that are large but offsetting in Hungary and
Romania, and from small effects of all types in Russia and Ukraine. The positive
employment outcome of foreign ownership results from a substantial
scale-expansion effect that dominates the productivity-improvement effect, and
the positive wage outcome from productivity improvement dominating the
cost-reduction effect.
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