학술저널
Interaction among New Firm Formation, Privatization, and Business Environment in Transition Countries
Interaction among New Firm Formation, Privatization, and Business Environment in Transition Countries
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 30 No.2
-
2017.05159 - 178 (20 pages)
- 32
The formation of new private firms can facilitate transition from socialism to a market economy. This study uses data from transition economies to investigate the effects of large-scale privatization and the barriers to the establishment of new firms. It finds that large-scale privatization positively affects the formation of new firm, but such effects disappear as the costs of start-up increase. These results imply that both privatization and favorable business environments are necessary for firm creation.
I. Introduction
II. Literature Review
III. Estimation Strategy
IV. Estimation Results
V. Conclusion
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