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Trade Liberalization and Enterprise Restructuring in Bulgaria, 1992-4

Author

Listed:
  • Djankov, Simeon
  • Hoekman, Bernard

Abstract

This paper empirically tests the link between trade openness and enterprise restructuring in Bulgaria. It belongs to a recent line of work in the empirical trade literature that investigates the effects of trade policy on firm behaviour. The trade liberalization following the 1991 economic reforms is found to have a strong impact on firm-level restructuring and industry concentration. Between 1992 and 1994, the impact of export opportunities on restructuring was particularly important.

Suggested Citation

  • Djankov, Simeon & Hoekman, Bernard, 1995. "Trade Liberalization and Enterprise Restructuring in Bulgaria, 1992-4," CEPR Discussion Papers 1301, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1301
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    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1301
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    Citations

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    Cited by:

    1. Stijn Claessens & R. Kyle Peters, 1997. "State enterprise performance and soft budget constraints: The case of Bulgaria," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 5(2), pages 305-322, November.

    More about this item

    Keywords

    Economic Adjustment; Restructuring; Trade Liberalization;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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