This paper investigates the detfirminants of firm survival and growth in Slovenia, a country in transition from a plan to a market economy. firm growth (measured using employment) and firm survival (the probability of remaining in activity) are estimated using firm level data for the years 1994...

In this paper we compare the role of internal finance on the growth of firms between a leading transition country, Slovenia and an established market economy, Belgium. We find that firms in Slovenia are more sensitive to internal financing constraints than their Belgian counterparts. This would...

In most transition countries the aggregate level evidence suggests that most industries are just destroying jobs, due to the legacy of communism where ovfirmanning levels of employment were the nfirm. This paper sheds light on whether the transition process in Slovenian manufacturing has been...

This paper documents that a large fraction of trade flows at the firm level consists of simultaneous imports and exports in identical products, narrowly defined at the 8-digit product classification, which we call Pass-On Trade, POT. We use data on imports and exports at the firm?product level...

This paper uses firm level data to show how R&D investment responds to shocks in sales growth in credit constrained firms. A credit constrained firm has to rely on its cash flow and borrowing capacity to survive its short-run liquidity shock when hit by a negative shock. This reduces the...