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On the economic premises of the "restructuring" by liquidation

Author

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  • Cocioc, Paul
  • Cocioc, Paul

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.

Suggested Citation

  • Cocioc, Paul & Cocioc, Paul, 1999. "On the economic premises of the "restructuring" by liquidation," MPRA Paper 86678, University Library of Munich, Germany, revised 2003.
    • Handle: RePEc:pra:mprapa:86678
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    File URL: https://mpra.ub.uni-muenchen.de/86678/1/MPRA_paper_86678.pdf
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    More about this item

    Keywords

    privatization; restructuring; state-own companies;
    All these keywords.

    JEL classification:

    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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