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Enterprise in transition: institutional framework, economic behavior and the implications for macroeconomic management. Retrospective look on Russia in the 90th


  • Sherstnev, Mikhail


The Russian experience showed that macroeconomic performance in the transition economy is crucially dependent of the right microeconomic fundamentals. The paper offers retrospective view on the initial stages of market transformation in Russia from the point of view of interrelationships between enterprise behavior and macroeconomic performance.

Suggested Citation

  • Sherstnev, Mikhail, 2000. "Enterprise in transition: institutional framework, economic behavior and the implications for macroeconomic management. Retrospective look on Russia in the 90th," MPRA Paper 22444, University Library of Munich, Germany, revised Jul 2009.
  • Handle: RePEc:pra:mprapa:22444

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    References listed on IDEAS

    1. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
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    More about this item


    Enterprise; transition; macroeconomic performance;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • P5 - Economic Systems - - Comparative Economic Systems
    • P2 - Economic Systems - - Socialist Systems and Transition Economies
    • P3 - Economic Systems - - Socialist Institutions and Their Transitions


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