Structural adjustment, ownership transformation, and size in Polish industry
AbstractThe 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.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 1624.
Date of creation: 31 Jul 1996
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Banks&Banking Reform; Municipal Financial Management; Labor Policies; Environmental Economics&Policies; Economic Theory&Research; Environmental Economics&Policies; Banks&Banking Reform; Municipal Financial Management; Economic Theory&Research; Health Monitoring&Evaluation;
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