State Enterprises Restructuring in Bulgaria, Albania and Romania

Dimitrov, Mitko and Estrin, Saul and Richet, Xavier (1998): State Enterprises Restructuring in Bulgaria, Albania and Romania. Published in: Economic Analysis , Vol. 1, No. 3 (1998): pp. 239-255.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Bulgaria, Albania, Romania, state enterprises, enterprise restructuring
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P20 - General

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