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Privatization Methods and Economic Growth
Using data from central and Eastern Europe, the authors investigate the impact of alternative methods of privatization on economic growth. The analysis suggests that the use of conventional privatization methods to match owners with firms can be inefficient in economies with underdeveloped capital markets, particularly if wealth is poorly correlated with managerial and entrepreneurial ability.
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Available for purchase at: http://www.cepr.org/pubs/dps/DP4291.asp