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State Enterprises Restructuring in Bulgaria, Albania and Romania

Listed author(s):
  • Dimitrov, Mitko
  • Estrin, Saul
  • Richet, Xavier

The aim of the paper is to analysis, through a cross-sector and cross-country approach, the way in which firms in less-advanced transforming economies are restructured. Compared with more advanced economies, where different kind of privatization schemes have been experienced, in Bulgaria, Albania and Romania, adjusting to the new market environment has followed different paths (weak macrostabilization policies, lack of a comprehensive programme), which have led to a kind of defensive restructuring. In this paper, we look at the way in which firms in different sectors have reacted. The main economic and political factors that slow the process are analyzed.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 57231.

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Date of creation: 1998
Publication status: Published in Economic Analysis 3.1(1998): pp. 239-255
Handle: RePEc:pra:mprapa:57231
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  1. Ellman,Michael, 2014. "Socialist Planning," Cambridge Books, Cambridge University Press, number 9781107074736, March.
  2. Stanley Fischer & Alan Gelb, 1991. "The Process of Socialist Economic Transformation," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 91-105, Fall.
  3. Marek Belka & Anna Krajewska & Stefan Krajewski & Antbal Santos, 1993. "Country Overview Study Poland," Eastern European Economics, M.E. Sharpe, Inc., vol. 31(5), pages 19-62, October.
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