Industrial Restructuring and Microeconomic Adjustment in Poland: A Cross-Sectoral Approach&ast

Saul Estrin and Xavier Richet
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Saul Estrin: London Business School
Xavier Richet: ROSES-CNRS, University Paris I

Comparative Economic Studies, 1993, vol. 35, issue 4, 19 pages

Abstract: This paper analyzes the impact of the Polish stabilization program on the behavior of state-owned firms by summarizing and evaluating three case studies. The authors outline a framework to analyze whether firms have adjusted differently according to differences in their market power, financial status, or exposure to trade and international comparative advantage. They find no evidence for differences in adjustment from any source; in all three industries adjustment has been relatively modest and the governance of firms has hardly changed at all.

Date: 1993
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