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Foreign Investment, Corporate Ownership, and Development:Are Firms in Emerging Markets Catching Up to the World Standard?
(2005-01-01)
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies ...
Foreign Investment, Corporate Ownership, and Development:Are Firms in Emerging Markets Catching Up to the World Standard?*
(2006-04-06)
Development implies that the efficiency of local firms converges to that of firms in advanced economies. We examine this using 1992-2000 panel data on virtually all industrial firms in the Czech Republic and Russia. We ...