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http://ssrn.com/abstract=1962827
 
 

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Privatization


J. David Brown


US Census Bureau Center for Economic Studies; Institute for the Study of Labor (IZA)

John S. Earle


George Mason University - School of Public Policy; Central European University (CEU) - Department of Economics; Institute for the Study of Labor (IZA)

Scott Gehlbach


University of Wisconsin-Madison; Center for the Study of Institutions and Development (CSID)

October 21, 2011

GMU School of Public Policy Research Paper No. 2012-03

Abstract:     
In this paper prepared for inclusion in the Oxford Handbook of the Russian Economy (Michael Alexeev and Shlomo Weber, eds.), we replicate, update, and extend our earlier work on manufacturing enterprise privatization and productivity in Russia. Our results suggest a more nuanced view of Russian privatization than that offered by either its critics or its defenders. We confirm earlier findings that the average impact on productivity of privatization to domestic owners is around -3 to -5 percent, though some regions show productivity gains similar to those in Central Europe (an increase of 10 to 20 percent). The regional variation is strongly positively associated with the size of the regional bureaucracy. Notwithstanding the average negative effect, our updated results through 2005 (the most recent year for which comparable data are available) show a pronounced change after 2002 as the productivity effects of Russian privatization have begun to approach those seen elsewhere much earlier. Privatization became most effective west of the Urals, in areas with greater market access. Initially an outlier, by 2005 Russia appeared to be becoming more of a “normal country,” at least in the narrow sense of the impact of private ownership on firm productivity.

Number of Pages in PDF File: 27

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Date posted: November 26, 2011 ; Last revised: January 9, 2012

Suggested Citation

Brown, J. David and Earle, John S. and Gehlbach, Scott, Privatization (October 21, 2011). GMU School of Public Policy Research Paper No. 2012-03. Available at SSRN: http://ssrn.com/abstract=1962827 or http://dx.doi.org/10.2139/ssrn.1962827

Contact Information

J. David Brown
US Census Bureau Center for Economic Studies ( email )
4600 Silver Hill Road
Washington, DC 20233
United States
301-763-8769 (Phone)
301-763-5935 (Fax)
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
John S. Earle
George Mason University - School of Public Policy ( email )
3351 Fairfax Drive
MS 3B1
Arlington, VA 22201
United States
703-993-8023 (Phone)
HOME PAGE: http://policy.gmu.edu/tabid/86/default.aspx?uid=168
Central European University (CEU) - Department of Economics ( email )
Nador u. 9.
Budapest H-1051
Hungary
+36 1 327 3229 (Phone)
+36 1 327 3232 (Fax)
HOME PAGE: http://www.ceu.hu/labor/staff.html
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Scott Gehlbach (Contact Author)
University of Wisconsin-Madison ( email )
1050 Bascom Mall
Madison, WI 53706
United States
608-263-2391 (Phone)
Center for the Study of Institutions and Development (CSID)
Myasnitskaya street, 20
Moscow, RI Moscow 119017
Russia
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References:  38
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