On the economic premises of the "restructuring" by liquidation

Paul Cocioc and Paul Cocioc
Authors registered in the RePEc Author Service: Paul Cocioc ()

MPRA Paper from University Library of Munich, Germany

Abstract: At the ends of 1990’s under the pressure of the international financial institutions, Romania agreed to close some state-owned firms with significant and durable loses and limited perspectives. In this context, the present paper intends to offer an economic analysis of the main issues regarding the liquidation of state-owned companies. We discus on: the impact on macroeconomic results, on aggregate production, as well as on other industries production and supply; consequences on market competition; the influence of financial result of the firm on others, on its economic environment; economic perspectives of the unit and its market; effects and efforts for state budget and the alternative of privatization at any price.

Keywords: privatization; restructuring; state-own companies (search for similar items in EconPapers)
JEL-codes: H82 L33 P21 P31 (search for similar items in EconPapers)
Date: 1999-06-06, Revised 2003
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Published in Tribuna Economica 24.10(1999): pp. 16-17

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