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German Unification: Economic Problems and Consequences

Neumann, Manfred J.M. - C.E.P.R. Discussion Papers - 1991

Economic unification forced an unprecedented adjustment crisis on the East German economy. The revolutionary shock of the transformation of the economic order was reinforced by a real appreciation shock exceeding 50%, due to the immediate introduction of the Deutschmark. This paper examines in...

Persistent link: https://www.econbiz.de/10005791728

Financial Reform in Eastern Europe: Progress With the Wrong Model

Corbett, Jennifer; Mayer, Colin - C.E.P.R. Discussion Papers - 1991

Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the...

Persistent link: https://www.econbiz.de/10005791741

The Productivity Effects of Privatization: Longitudinal Estimates from Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John; Telegdy, Almos - Centre for Economic Reform and Transformation, School … - 2005

models imply that majority privatization raises MFP about 15% in Romania, 8% in Hungary, and 2% in Ukraine, while in Russia … years after privatization to emerge in Russia. …

Persistent link: https://www.econbiz.de/10005292578

Does Privatization Hurt Workers? Lessons from Comprehensive Manufacturing Firm Panel Data in Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John; Telegdy, Almos - Centre for Economic Reform and Transformation, School … - 2005

negative effect in Russia, and they provide some evidence of positive foreign effects on both wages and employment in all four … large, positive, but offsetting in Hungary and Romania, and from small effects of both types in Russia and Ukraine. The …

Persistent link: https://www.econbiz.de/10005157524

After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry

Earle, John S; Estrin, Saul - C.E.P.R. Discussion Papers - 1997

This paper analyses the ownership structure emerging from the Russian privatization process, using information from a sample survey of 439 state and privately-owned manufacturing companies conducted in July 1994, just after the voucher programme was completed. The Russian ownership structure...

Persistent link: https://www.econbiz.de/10005136416

Understanding the Contributions of Reallocation to Productivity Growth: Lessons from a Comparative Firm-Level Analysis

Brown, J. David; Earle, John - Centre for Economic Reform and Transformation, School … - 2008

We analyze comprehensive manufacturing firm data to measure the contribution of inter-firm employment reallocation to aggregate productivity growth during the socialist and reform periods in six transition economies. Modifying a standard decomposition technique to better reflect the role of firm...

Persistent link: https://www.econbiz.de/10005187373

Job Reallocation and Productivity Growth under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

Brown, J. David; Earle, John S. - Centre for Economic Reform and Transformation, School … - 2002

former Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that … Soviet Russia displayed job flow behaviour quite different from market economies, with very low rates of job reallocation … reforming Russia than in "gradualist" Ukraine, as did the estimated effects of privatization and competitive pressures from …

Persistent link: https://www.econbiz.de/10005187375

Employment and Wage Effects of Privatization: Evidence from Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John; Telegdy, Álmos - Centre for Economic Reform and Transformation, School … - 2008

but offsetting in Hungary and Romania, and from small effects of all types in Russia and Ukraine. The positive employment …

Persistent link: https://www.econbiz.de/10005649911

Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

A critical, but largely unexamined assumption in the debate over reform policy design, concerns the complementarity or substitutability of market competition and private ownership in increasing firm efficiency. We analyse a simple Cournot model that distinguishes two aspects of privatization...

Persistent link: https://www.econbiz.de/10005114270

Competition And Firm Performance: Lessons From Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2000

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