Determinants of Enterprise Restructuring in Transition: Description of a Survey in Russian Industry
AbstractThe survey described in this article collects data on enterprise restructuring, ownership, competition, budget constraints and, particularly, institutions in Russian industry, covering the period between the start of 1992 and September 1999. On their own, the survey answers show a devastating restructuring crisis, massive privatisation, rather weak competition, unexpectedly hard budget constraints, an overwhelmingly negative and relatively positive assessment of formal and informal institutions respectively, and largely the same ruling networks as before the start of market reforms. Ironically, tentative results based on this survey indicate that important determinants of enterprise restructuring in Russian industry are exactly those on which least reform has been accomplished: stronger competition and better institutions go with more restructuring, while privatisation and harder budget constraints do not. The substitution, to some extent, of informal for formal institutions may have prevented even worse restructuring figures, but better formal institutions in general would have led to further improvements.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Post-Communist Economies.
Volume (Year): 12 (2000)
Issue (Month): 3 ()
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Other versions of this item:
- Luc Moers, 2000. "Determinants of Enterprise restructuring in Transition: Description of a Survey in Russian Industry," Tinbergen Institute Discussion Papers 00-026/2, Tinbergen Institute.
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
- P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
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