| Bulgarian Brownfield Privatization and Firm Performance |
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Derek C. Jones and Mark Klinedinst Bulgarian Brownfield Privatization and Firm Performance June 2, 2004 Abstract By using panel data for a sample of Bulgarian manufacturing firms this paper investigates the impact of the privatization process. All sample firms started under state control and many have now been privatized, mainly during the last few years. Our data enable us to use dynamic panel data methods and estimate a number of specifications to rigorously analyze the impact of privatization, and in particular insider privatization. Contrary to mainstream theory (e.g. Boycko et al., 1996) and the findings of an influential recent empirical survey (Djankov and Murrell, 2002), our results show no difference on firm performance for insider versus other methods of privatization. |
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NCEEER
National Council for Eurasian and East European Research (NCEEER) is a non-profit organization created in 1978 to develop and sustain long-term, high-quality programs for post-doctoral research on the social, political, economic, environmental, and historical development of Eurasia and Central and Eastern Europe. More
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Aesthetic Politics in St. Petersburg: Skyline at the Heart of Political Opposition
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This working paper focuses on the plans to construct a skyscraper in St Petersburg, Russia, known originally as Gazprom-City and recently renamed into Okhta Center, and on the controversy that developed around these plans. The paper uses the skyscraper debates as a lens to discuss a particular "aesthetic politics" of St Petersburg, the meaning of "world cities" and "global architecture" in Russian and international contexts, post-Soviet forms of political and corporate governance, the mobilization of civic opposition to such projects and the ability of such urban protests to translate into a more unified and politically oriented opposition than has been possible in other contexts in Russia.
