EconPapers    
Economics at your fingertips  
 

Enterprises in transition: macroeconomic influences on enterprise decision-making and performance

Willem Buiter, R. Lago and Helene Rey

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper analyses the theoretical arguments and empirical evidence linking enterprise performance in transition economies to the macroeconomic environment. Macroeconomic instability is traced to the unsustainability of the fiscal-financial and monetary programmes of the state and to regulatory and other failures leading to problems with the solvency of financial institutions. The importance of macroeconomic stability for enterprise performance is documented with a simulation study and by reviewing relevant microeconomic and aggregate empirical evidence from across the world, as well as from the transition economies themselves. Conclusions are reached about the speed of transition, about the synergy between macroeconomic stabilisation and market development and about the creation of institutions for achieving and maintaining macroeconomic stability.

JEL-codes: F3 G3 J1 (search for similar items in EconPapers)
Pages: 75 pages
Date: 1997-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://eprints.lse.ac.uk/20348/ Open access version. (application/pdf)

Related works:
Working Paper: Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-Making and Performance (1997) Downloads
Working Paper: Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance (1997) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:20348

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().

 
Page updated 2025-03-31
Handle: RePEc:ehl:lserod:20348