During transition, maintaining employment and providing a social safety net to the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit incentives have little incentives to promote social stability due to its public good nature, state-owned enterprises (SOEs) are needed to continue their role in providing social welfare. Charged with the multi-tasks of efficient production as well as social welfare provision, SOEs continue to be given low profit incentives and consequently, their financial performance continues to be poor.
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Length: pages Date of creation: 01 Mar 2001 Date of revision: Handle: RePEc:wdi:papers:2001-367
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Find related papers by JEL classification: P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General D21 - Microeconomics - - Production and Organizations - - - Firm Behavior J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Gérard Roland & Thierry Verdier, 1999.
"Transition and the output fall,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 7(1), pages 1-28, March.
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