Institutional Change and Firm Creation in East-Central Europe: An Embedded Politics Approach
A central debate about the transformation of post-communists countries is how the process of institution building impacts firm restructuring and creation. This debate has largely been dominated by approaches that emphasize either the depoliticization of institutional designs or the determining impact of pre-existing social structures. These views, however, have serious problems explaining one of the key comparative developments in East-Central Europe ??? the strong economic growth in Poland and the demise of the Czech Republic in the 1990s. This paper explains these differences by offering an alternative, embedded politics approach that views firm and institutional creation as intertwined experiments. Czech attempts to implant a depoliticized model of reform impeded the necessary reorganization of socio-political networks, in which firms are embedded. Poland facilitated institutional experiments not only in the ways it promoted negotiated solutions to restructuring, but also in the ways it empowered sub-national governments. The study utilizes data on manufacturing networks, privatization, bankruptcy, and regional government reforms collected over the past six years.
|Date of creation:||01 Feb 2003|
|Contact details of provider:|| Postal: 724 E. University Ave, Wyly Hall 1st Flr, Ann Arbor MI 48109|
Phone: 734 763-5020
Fax: 734 763-5850
Web page: http://www.wdi.umich.edu
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hayri, Aydin & McDermott, Gerald A, 1998. "The Network Properties of Corporate Governance and Industrial Restructuring: A Post-Socialist Lesson," Industrial and Corporate Change, Oxford University Press, vol. 7(1), pages 153-193, March.
- Janusz M. Dabrowski & Michal Federowicz & Anthony Levitas, 1991. "Polish State Enterprises and the Properties of Performance: Stabilization, Marketization, Privatization," Politics & Society, , vol. 19(4), pages 403-437, December.
- Andrzej Bratkowski & Irena Grosfeld & Jacek Rostowski, 2000.
"Investment and Finance in "de novo" private firms: Empirical Results from the Czech Republic, Hungary and Poland,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 8(1), pages 101-116, March.
- Andrzej Bratkowski & Irena Grosfeld & Jacek Rostowski, 1999. "Investment and Finance in De Novo Private Firms: Empiracal Results from the Czech Republic, Hungary and Poland," William Davidson Institute Working Papers Series 236, William Davidson Institute at the University of Michigan.
- Mariano Tommasi & Mark P. Jones & Sebastian M. Saiegh & Pablo T. Spiller, 2002. "Amateur Legislators-Professional Politicians: The Argentine Congress," Working Papers 31, Universidad de San Andres, Departamento de Economia, revised Jul 2002.
- Nellis, J., 1999. "Time to Rethink Privatization in Transition Economies?," Papers 38, World Bank - International Finance Corporation.
- Andrzej Bratkowski & Irena Grosfeld & Jacek Rostowski, 2000. "Investment and Finance in "de novo" private firms: Empirical Results from the Czech Republic, Hungary and Poland," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(1), pages 101-116, March.
- Bratkowski, A. & Grosfeld, I. & Rostowski, J., 1998. "Investment and Finance in De Novo Private Firms: Empirical Results form the Czech Republic, Hungary and Poland," DELTA Working Papers 98-19, DELTA (Ecole normale supérieure).
- Barbara Blaszczyk & Richard Woodward, 1999. "Privatization and Company Restructuring in Poland," CASE Network Reports 0018, CASE-Center for Social and Economic Research.
- Montes-Negret, Fernando & Papi, Luca, 1997. "The Polish experience with bank and enterprise restructuring," Policy Research Working Paper Series 1705, The World Bank.
- Simon Johnson & John McMillan & Christopher Woodruff, 2000. "Entrepreneurs and the Ordering of Institutional Reform: Poland, Slovakia, Romania, Russia and Ukraine Compared," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(1), pages 1-36, March.
- McDermott, Gerald A & Mejstrik, Michal, 1992. "The Role of Small Firms in the Industrial Development and Transformation of Czechoslovakia," Small Business Economics, Springer, vol. 4(3), pages 179-200, September.
- Petro, Nicolai N., 2001. "Creating Social Capital in Russia: The Novgorod Model," World Development, Elsevier, vol. 29(2), pages 229-244, February.
- Tang, Helena & Zoli, Edda & Klytchnikova, Irina, 2000. "Banking crises in transition economies : fiscal costs and related issues," Policy Research Working Paper Series 2484, The World Bank.
- Pohl, G. & Anderson, R.E. & Claessens, S. & Djankov, S., 1997. "Privatization and Restructuring in Central and Eastern Europe: Evidence and Policy Options," Papers 368, World Bank - Technical Papers.
- Denis Eylem Yoruk, 2001. "Patterns of Industrial Upgrading in the Clothing Industry in Poland and Romania," UCL SSEES Economics and Business working paper series 19, UCL School of Slavonic and East European Studies (SSEES).
- Andrei Shleifer & Robert W. Vishny, 1994. "Privatization in Russia: First Steps," NBER Chapters,in: The Transition in Eastern Europe, Volume 2: Restructuring, pages 137-164 National Bureau of Economic Research, Inc. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:wdi:papers:2003-590. 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: (WDI)
If references are entirely missing, you can add them using this form.