This paper presents a preliminary analysis of the performance of the Polish state-owned enterprise sector in 1990, with particular attention to wages, output, profitability, and the contribution of enterprise taxation to the state budget. A new piece of empirical evidence presented in the paper...

In this paper we develop a new model of growth accounting and use it to analyse the long-term growth of the US and the USSR. The technique is designed to capture the indirect or "feedback" contributions of technological change and labour input growth. These indirect contributions arise from the...

According to more recent theories on the optimal capital structure, the availability of external financing is not always guaranteed, or it may come at different costs, depending on the methods of financing used (debt vs. equity, long-term debt vs. short-term debt, etc.). Under such...

Der Verfasser setzt sich zunächst anknüpfend an Kornai auf theoretischer Ebene mit der Problematik weicher Budgetrestriktionen auseinander und weist auf Schwierigkeiten bei der Interpretation von Unternehmensdaten in diesem Zusammenhang hin. Vor diesem Hintergrund werden empirische Daten aus...

Quantile crossing has been a challenge for quantile regression, leading to research in how to obtain monotonically increasing quantile estimates. While important contributions, these papers do not provide insight into how enforcing monotonicity influences the estimated coefficients. This paper...

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...

The authors use a rich personnel data set from a Russian firm for the years 1997 to 2002 to analyze how the firm adjusts wages and employment during this period in which local labor market conditions changed in the aftermath of the financial crisis in 1998. They relate the development of...