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Output and Exports in Transition Economies: A Labor Management Model

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  • Bennett, John
  • Estrin, Saul
  • Hare, Paul

Abstract

The behaviour of an oligopolistic industry in a transition economy is analysed, assuming that the firms are labour-managed and the economy is open to international trade. The output of these firms is assumed to be of lower quality than the output of Western firms. Cournot equilibrium in the presence of bottlenecks is derived. Such bottlenecks may be particularly damaging because firms respond by cutting exports disproportionately. This may explain why countries, such as those in the former Soviet Union, which have faced serious supply bottlenecks have failed to develop exports while the economies of Central Europe, where materials are more freely available, have seen rapid export growth.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Comparative Economics.

Volume (Year): 27 (1999)
Issue (Month): 2 (June)
Pages: 295-317

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Handle: RePEc:eee:jcecon:v:27:y:1999:i:2:p:295-317

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Web page: http://www.elsevier.com/locate/inca/622864

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References

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Cited by:
  1. Fardmanesh, Mohsen & Tan, Li, 2003. "Wage and price control policies in transition economies," Journal of Development Economics, Elsevier, Elsevier, vol. 70(1), pages 173-200, February.
  2. José Luis Moraga Gonzales & Jean-Marie Viaene, 2001. "Trade and Industrial Policy of Transition Economies," CESifo Working Paper Series, CESifo Group Munich 446, CESifo Group Munich.
  3. Moraga-Gonzalez, Jose Luis & Viaene, Jean-Marie, 2005. "Trade policy and quality leadership in transition economies," European Economic Review, Elsevier, Elsevier, vol. 49(2), pages 359-385, February.

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