Employment and Wage Effects of Privatisation: Evidence from Hungary, Romania, Russia and Ukraine*

• 成果类型: Article
• 署名作者: Brown, J. David; Earle, John S.; Telegdy, Almos
• 署名单位: Heriot Watt University; Central European University; Hungarian Academy of Sciences; HUN-REN; HUN-REN Centre for Economic & Regional Studies; Institute of Economics - HAS
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2009.02300.x
• 发表日期: 2010
• 页码: 683-708
• 关键词: newly privatized firms; operating performance; eastern-europe; TRANSITION; IMPACT; benefits; industry; MARKET; state

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 impact of privatisation on employment and wages. The results consistently reject job losses and never imply large wage cuts from either domestic or foreign privatisation. The domestic privatisation estimates are close to zero for employment; for wages, they are negative but small in magnitude. Estimated foreign privatisation effects are nearly always positive and sometimes large for both outcome variables. We interpret the employment and wage results in terms of underlying scale, productivity and cost effects of privatisation.