Output decline has been a feature of the transition economies in the initial post-communist period, including in those countries that belonged to the former Soviet Union. However, explanations for the decline and its persistence have not been easy to find, and mostly they have focussed upon...

This paper takes the form of a comparative study of the body of research upon enterprise performance and restructuring in established market economies and transition economies (TEs). We firstly examine issues related to empirical studies of enterprise performance and restructuring, including the...