Enterprise Restructuring in Belarus

Marina Bakanova (), Saul Estrin (), Igor Pelipas () and Sergei Pukovich ()
Additional contact information
Marina Bakanova: World Bank
Saul Estrin: London School of Economics
Igor Pelipas: Institute of Privatisation and Management
Sergei Pukovich: Institute of Privatisation and Management

No 2148, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition economy in which reform and market-orientated institutional development has been limited. We hypothesize that private ownership will enhance company performance, measured in a variety of ways including profitability and capacity to export to the West, and that newly created firms will perform better than state-owned ones. Our work is based on a large enterprise level survey which includes state-owned firms, privatized companies and newly created enterprises. The data refute both hypotheses. We conclude that this is probably because the institutional environment has not evolved sufficiently from the socialist era to permit free competition and effective governance by new owners.

Keywords: privatization; enterprise restructuring; transition; Belarus (search for similar items in EconPapers)
JEL-codes: L1 P2 P31 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2006-05
New Economics Papers: this item is included in nep-com, nep-ent and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in Saul Estrin, Grzegorz Kolodko and Milica Uvalic (eds.), Transition and Beyond: A Tribute to Mario Nuti, Basingstoke: Palgrave Macmillan, 2007

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