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Institutions and Firms in Transition Economies

In: Handbook of New Institutional Economics

Author

Listed:
  • Peter Murrell

    (University of Maryland)

Abstract

In 1989, the Soviet bloc in Eastern Europe disintegrated. In mid-1991, the old Yugoslavia began its painful, protracted breakup. Later that year, an abortive communist coup led quickly to the FSU (former Soviet Union). Twenty-eight countries were free to choose their own economic and political institutions. Public and elite opinion was set on a large move away from the old socialist system, towards some form of market capitalism. In most countries, there was an accompanying shift toward greater political freedom and democracy. All countries undergoing this transition have now experienced more than eleven years of post-communist change.

Suggested Citation

  • Peter Murrell, 2008. "Institutions and Firms in Transition Economies," Springer Books, in: Claude Ménard & Mary M. Shirley (ed.), Handbook of New Institutional Economics, chapter 26, pages 667-699, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-69305-5_27
    DOI: 10.1007/978-3-540-69305-5_27
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    Cited by:

    1. Centofanti, Tiziana & Murugesan, Anand, 2022. "Leader and citizens participation for the environment: Experimental evidence from Eastern Europe," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 100(C).
    2. Catherine Locatelli & Sylvain Rossiaud, 2011. "A neoinstitutionalist interpretation of the changes in the Russian oil model," Post-Print halshs-00631115, HAL.
    3. Mayengbam Lalit Singh, 2014. "Institutional Development Leading Trade Developments," Foreign Trade Review, , vol. 49(2), pages 177-191, May.
    4. Sadek Boussena & Catherine Locatelli, 2006. "Le secteur pétrolier russe : le privé sous la houlette de l'Etat," Post-Print halshs-00003940, HAL.
    5. Josef C. Brada & Paul Wachtel, 2018. "Comparative Economic Studies and Comparative Economics: Six Decades and Counting," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(4), pages 638-656, December.
    6. Locatelli, Catherine & Rossiaud, Sylvain, 2011. "A neoinstitutionalist interpretation of the changes in the Russian oil model," Energy Policy, Elsevier, vol. 39(9), pages 5588-5597, September.
    7. Svetlana Avdasheva & Nadezhda Goreyko, 2010. "Governance Structures in Russian manufacturing: assessment using sample survey data," UCL SSEES Economics and Business working paper series 112, UCL School of Slavonic and East European Studies (SSEES).
    8. Mike, Károly & Kiss, Gábor, 2017. "Hitelesek-e a vállalkozások ígéretei Magyarországon? [Do Hungarian entrepreneurs make credible promises?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1285-1315.
    9. Christopher Hartwell, 2013. "Institutional Deterioration in Transition Economies: Playing Follow-the-Leader During the Global Financial Crisis?," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 20(2), pages 131-147, October.
    10. Ahrens, Joachim & Jünemann, Patrick, 2010. "Transitional institutions, institutional complementarities and economic performance in China: A 'Varieties of Capitalism' approach," Discourses in Social Market Economy 2010-11, OrdnungsPolitisches Portal (OPO).
    11. Dimitrova-Grajzl, Valentina & Grajzl, Peter & Slavov, Atanas & Zajc, Katarina, 2016. "Courts in a transition economy: Case disposition and the quantity–quality tradeoff in Bulgaria," Economic Systems, Elsevier, vol. 40(1), pages 18-38.
    12. Brigitte Granville & Judith Shapiro, 2008. "Scratch a Would-Be Planner: Robbins, Neoclassical Economics and the End of Socialism," Working Papers 11, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    13. Dimitrova-Grajzl, Valentina & Grajzl, Peter & Zajc, Katarina, 2014. "Understanding modes of civil case disposition: Evidence from Slovenian courts," Journal of Comparative Economics, Elsevier, vol. 42(4), pages 924-939.
    14. Mike, Károly, 2016. "Merre vezessen a magyar kapitalizmus útja?. Látkép Ronald Coase világítótornyából [Which course for Hungary s capitalism?. A view from Ronald Coase s lighthouse]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 597-614.
    15. Kapás, Judit & Czeglédi, Pál, 2008. "Technológiai és intézményi változások a munkapiacon és a vállalati szervezetben. Nyugat- és kelet-közép-európai összehasonlítás [Technological and institutional changes on the labour market and in ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 308-332.
    16. Sadek Boussena & Catherine Locatelli, 2005. "Les fondements d'une nouvelle organisation du secteur pétrolier russe : entre le privé et l'Etat," Post-Print halshs-00003872, HAL.
    17. Evgeni Peev, 2015. "Institutions, economic liberalization and firm growth: evidence from European transition economies," European Journal of Law and Economics, Springer, vol. 40(1), pages 149-174, August.
    18. Rodríguez-Pose, Andrés & Hardy, Daniel, 2017. "Firm competitiveness and regional disparities in Georgia," LSE Research Online Documents on Economics 67543, London School of Economics and Political Science, LSE Library.
    19. Murrell, Peter, 2003. "Firms facing new institutions: transactional governance in Romania," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 695-714, December.
    20. Maria Lissowska, 2009. "The Type and Role of Social Capital in Post-Transition European Economies," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 1-26.
    21. Adam Wasilewski & Marek Wigier, 2017. "Efficiency of EU Financial Support in Terms of Rural Economic Development," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 6, pages 23-33.
    22. Peter Grajzl & Jaka Cepec & Barbara Mörec, 2023. "Weaned off public money: The effect of discontinued reception of public cash on firm outcomes," Kyklos, Wiley Blackwell, vol. 76(1), pages 41-76, February.

    More about this item

    Keywords

    Corporate Governance; Transition Economy; Institutional Development; Early Transition; Transition Country;
    All these keywords.

    JEL classification:

    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • K1 - Law and Economics - - Basic Areas of Law
    • H1 - Public Economics - - Structure and Scope of Government

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