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Competition And Firm Performance: Lessons From Russia

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Listed author(s):
  • Brown, J David
  • Earle, John S

Abstract

The 'big-bang' liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analysing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel data on 14,961 enterprises covering 75 percent of industrial employment, emphasizing the varied sources, geographic scope, intensity, time path, and survival effects of competitive pressures. We find large, positive effects on TFP from competition in domestic product and local labour markets, and from imports and better transportation infrastructure, although the first effect appears only gradually. Non-state firms outperform state enterprises, even after correction for selection bias.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2444.

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Date of creation: May 2000
Handle: RePEc:cpr:ceprdp:2444
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Keywords: Competition; Firm Exit; Foreign Trade; Monopsony; Privatization; Russia; Total Factor Productivity;

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Find related papers by JEL classification:
  • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
  • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
  • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
  • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
  • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
  • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
  • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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