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The 'big-bang' liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analysing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel data on 14,961 enterprises covering 75 percent of...
Persistent link: https://www.econbiz.de/10005661595
distinguishes two aspects of privatization interacting with market opening: privatization of a firm and privatization of its …
Persistent link: https://www.econbiz.de/10005114270
privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why …. Respondents with poor human capital and few assets support revising privatization due to a preference for state over private … property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of …
Persistent link: https://www.econbiz.de/10005497879
Three hypotheses about the nature of federal tax arrears in Russia in the second half of the 1990s are tested …
Persistent link: https://www.econbiz.de/10005791588
The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can...
Persistent link: https://www.econbiz.de/10005497777
An ‘efficiency wage’ model developed for Western economies is reinterpreted for Soviet Russia assuming that it was the …
Persistent link: https://www.econbiz.de/10005504586
The adjustment of labour markets during transition has been quite different from that anticipated by the Optimal Speed of Transition (OST) literature. In particular, it has involved stagnant unemployment pools, large flows to inactivity and strikingly low workers' mobility especially when...
Persistent link: https://www.econbiz.de/10005498036
East Germany remains unique among the transition economies. Soon after the fall of the Berlin Wall in 1989, it became part of the Federal Republic of Germany. German Union meant the transplantation of West Germany's legal, administrative and economic infrastructure to the five new Länder. The...
Persistent link: https://www.econbiz.de/10005124285
This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …) estimates, suggesting that the privatization process may have contained a negative selection bias with respect to ownership by …
Persistent link: https://www.econbiz.de/10005136416
This Paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...
Persistent link: https://www.econbiz.de/10005504242