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Structural adjustment, ownership transformation, and size in Polish industry

Author

Listed:
  • Barbone, Luca
  • Marchetti, Jr., Domenico
  • Paternostro, Stefano

Abstract

The authors argue that significant adjustment took place in Polish industry after Poland's 1990 reforms. They analyze data on two- and three-digit manufacturing industries, disaggregated by firm ownership and size. By applying a statistical model to labor productivity growth, they try to disentangle structural determinants of the recovery from cyclical determinants. They contend that structural determinants outweigh cyclical ones. They find that the productive response of state enterprises was markedly different from that of private firms--private firms outperformed state enterprises (just as anecdotal evidence suggested). Size also matters, at least among private firms. Generally, there seem to be increasing returns to scale for private firms, except for very large enterprises (many of which were previously state-owned and may need further restructuring). The fact that size does not appear to matter among public enterprises suggests that several of them have not yet adopted optimal technologies and production processes.

Suggested Citation

  • Barbone, Luca & Marchetti, Jr., Domenico & Paternostro, Stefano, 1996. "Structural adjustment, ownership transformation, and size in Polish industry," Policy Research Working Paper Series 1624, The World Bank.
    • Handle: RePEc:wbk:wbrwps:1624
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    References listed on IDEAS

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    1. Dobrodey Vladimir & Gimadi Ilya & Perevalov Yuri, 2001. "The Impact of Privatisation on the Performance of Medium and Large Industrial Enterprises," EERC Working Paper Series 2k/01e, EERC Research Network, Russia and CIS.
    2. Malgorzata Sulimierska, 2014. "Total factor productivity estimation for Polish manufacturing industry: A comparison of alternative methods," Working Paper Series 6714, Department of Economics, University of Sussex Business School.
    3. Yurii Perevalov & Ilya Gimadii & Vladimir Dobrodei, 2000. "Does Privatisation Improve Performance of Industrial Enterprises? Empirical Evidence from Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 12(3), pages 337-363.
    4. Blinova, Tatiana & Rusanovsky, Victor, 2002. "Economic policy and unemployment in Russia´s regions," ERSA conference papers ersa02p234, European Regional Science Association.
    5. Blinova Tatiana & Rusanovsky Victor, 2002. "Economic Policy, Industrial Structure, and Unemployment in Russia's Regions," EERC Working Paper Series 01-06e, EERC Research Network, Russia and CIS.
    6. Tatiana Blinova & Victor Rusanovsky, 2003. "Regional strategies and Unemployment Risks in Russia’s Regional Labor markets (?)," ERSA conference papers ersa03p454, European Regional Science Association.
    7. Ábel, István & Öcsi, Béla, 1999. "Finanszírozási szerkezet és tulajdonforma [Financing structure and ownership form]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 888-904.

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