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State Enterprises Restructuring in Bulgaria, Albania and Romania

Author

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  • Dimitrov, Mitko
  • Estrin, Saul
  • Richet, Xavier

Abstract

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.

Suggested Citation

  • Dimitrov, Mitko & Estrin, Saul & Richet, Xavier, 1998. "State Enterprises Restructuring in Bulgaria, Albania and Romania," MPRA Paper 57231, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:57231
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    File URL: https://mpra.ub.uni-muenchen.de/57231/1/MPRA_paper_57231.pdf
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    References listed on IDEAS

    as
    1. Ellman,Michael, 2014. "Socialist Planning," Cambridge Books, Cambridge University Press, number 9781107074736, October.
    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, Taylor & Francis Journals, vol. 31(5), pages 19-62, October.
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    Cited by:

    1. Mitko Dimitrov, 2006. "ROUND TABLE DISCUSSION “CHALLENGES TO ECONOMIC THOUGH IN THE NEW CENTURY”: Outlook on the Development of Economic Science in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 22-36.

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    More about this item

    Keywords

    Bulgaria; Albania; Romania; state enterprises; enterprise restructuring;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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