How Do State-Owned Enterprises Adjust During Downturns: Evidence from Iranian Manufacturing Firms

Abstract

The authors would like to thank Christoph Duenwald, Elif Ture and Zeine Zeidane for many insightful comments, and Danial Cargill McGhie for editorial support. We also thank Maggie X. Chen, Remi Jedwab and seminar participants at the Middle East and Central Asia Department (MCD) for helpful discussions and comments.