• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
  • HSE University
  • Publications of HSE
  • Working papers
  • Вредит ли приватизация рабочим? Результаты анализа представительных панельных данных по промышленным предприятиям в Венгрии, Румынии, России, Украине

Working paper

Вредит ли приватизация рабочим? Результаты анализа представительных панельных данных по промышленным предприятиям в Венгрии, Румынии, России, Украине

Brown J. D., Earle J., Telegdy Á.
We analyze the effects of privatization on wages and employment using comprehensive manufacturing firm panel data in Hungary, Romania, Russia, and Ukraine. Contrary to workers’ fears, aggregate correlations, and ordinary least squares estimates, our fixed-effects and random trend models show little effect of domestic privatization, and they provide some evidence of positive foreign effects on both wages and employment. The negligible employment impact of domestic privatization results from large, positive, but offsetting effects on efficiency and scale in Hungary and Romania, and from small effects of both types in Russia and Ukraine. The positive foreign effect on employment reflects scale expansion dominating the efficiency effect. The results imply that efficiency-enhancing owners may sometimes be beneficial for workers.