IDEAS home Printed from
   My bibliography  Save this article

Industrial Restructuring in Central and Eastern Europe


  • Libor Krkoška


This paper provides a comprehensive assessment of issues related to the restructuring of large industrial enterprises in Central and Eastern Europe. The experience with industrial restructuring in the region to date suggests that policies aimed at promoting restructuring should focus on: (i) improving the given investment climate by reducing bureaucracy, eradicating corruption, and rationalizing taxes and tax collection, (ii) strengthening social safety nets ? including balanced unemployment benefits and the provision of redundancy packages ? with strong emphasis on retraining schemes and labor mobility, and (iii) reducing soft budget constraints (primarily direct subsidies), soft bank loans, and tax arrears.A full English-language version of this paper is available at the journal's Web site:

Suggested Citation

  • Libor Krkoška, 2001. "Industrial Restructuring in Central and Eastern Europe," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 51(7), pages 390-404, July.
  • Handle: RePEc:fau:fauart:v:51:y:2001:i:7:p:390-404

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    structural change; enterprise restructuring; transition;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fau:fauart:v:51:y:2001:i:7:p:390-404. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.