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Industrial Restructuring and Microeconomic Adjustment in Poland: A Cross-Sectoral Approach*

Author

Listed:
  • Saul Estrin

    (London Business School)

  • Xavier Richet

    (ROSES-CNRS, University Paris I)

Abstract

This paper analyzes the impact of the Polish stabilization program on the behavior of state-owned firms by summarizing and evaluating three case studies. The authors outline a framework to analyze whether firms have adjusted differently according to differences in their market power, financial status, or exposure to trade and international comparative advantage. They find no evidence for differences in adjustment from any source; in all three industries adjustment has been relatively modest and the governance of firms has hardly changed at all.

Suggested Citation

  • Saul Estrin & Xavier Richet, 1993. "Industrial Restructuring and Microeconomic Adjustment in Poland: A Cross-Sectoral Approach*," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 35(4), pages 1-19, December.
    • Handle: RePEc:pal:compes:v:35:y:1993:i:4:p:1-19
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    Cited by:

    1. Pucher, John, 1995. "The road to ruin? : Impacts of economic shock therapy on urban transport in Poland," Transport Policy, Elsevier, vol. 2(1), pages 5-13, January.
    2. Nebojsa Stojcic, 2012. "Patterns And Determinants Of Enterprise Restructuring In Central And East European Countries," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 21(2), pages 429-456, december.

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