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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

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

Job Reallocation and Productivity Growth in the Ukrainian Transition

Brown, J. David; Earle, John S. - W.E. Upjohn Institute for Employment Research - 2004

heterogeneity during this transition period, with a corresponding rise in excess job reallocation. Unlike data for Soviet Russia in …

Persistent link: https://www.econbiz.de/10005102000

Economic Reforms and Productivity-Enhancing Reallocation in the Post-Soviet Transition

Brown, J. David; Earle, John S. - W.E. Upjohn Institute for Employment Research - 2004

in the former Soviet Republics of Russia and Ukraine. Analyzing interfirm reallocation of output, labor, capital, and an … input index with annual industrial census data from 1985 to 2001, we find that Soviet Russia displayed low reallocation …

Persistent link: https://www.econbiz.de/10005102009

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

Brown, J. David; Earle, John S.; Telegdy, Almos - W.E. Upjohn Institute for Employment Research - 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/10005030679

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

Brown, J. David; Earle, John S.; Telegdy, Almos - W.E. Upjohn Institute for Employment Research - 2005

Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated … effects of all types in Russia and Ukraine. The positive employment outcome under foreign ownership results from a substantial …

Persistent link: https://www.econbiz.de/10005030683

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

Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John S.; Telegdy, Almos - W.E. Upjohn Institute for Employment Research - 2004

Romania, 22 percent in Hungary, and 3 percent in Ukraine, with some variation across specifications, while in Russia it lowers … continue to grow thereafter, but are still ambiguous even after 5 years in Russia. Pre-privatization MFP exceeds that of firms …

Persistent link: https://www.econbiz.de/10005116752

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

Brown, J. David; Earle, John S. - W.E. Upjohn Institute for Employment Research - 2002

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

Persistent link: https://www.econbiz.de/10005116757