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Publications (17)
Working Paper
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The paper analyses the small- and medium-sized enterprise sector in Poland, seeking to answer the question of whether SME development along current lines is sufficient to assure the sustainable development of the Polish economy. Of the many aspects traditionally ascribed to the SME sector, the most...
Working Paper
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– NEP, NEM and TVE
This Working Paper discusses mixed systems in which SMEs functioned successfully in the presence of extensive state ownership of large enterprises and even classical central planning. Past and present examples are considered in which a small enterprise system worked around, with, and in the...
Working Paper
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– Policy Implications for the Small- and Medium-Size Enterprise Sector
In this paper, the role of small and medium size enterprises in the economic transformation of the countries of Central Europe is assessed. It argues that although these fulfil an important role, they are less significant as agents of macroeconomic transformation than the re-structuring of large...
Working Paper
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– The Case of Hungary with Russian Implications
This paper analyses the Hungarian experience with SMEs development by highlighting the factors and policies that explain the sector features and dynamics and utilizes this experience to suggest an interpretation of the striking differences with Russian SMEs. The case of Hungary is particularly...
Working Paper
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Since 1992 a series of radical and successful reforms of their ownership and governance structures have been conducted by China's small and medium enterprises (SMEs). Innovative arrangements such as 'joint-stock co-operatives', 'joint-stock partnerships', 'grafted joint ventures' and 'small...
Working Paper
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This study presents an up-to-date survey of the comparison issue between state-owned enterprises (SOEs) and township and village enterprises (TVEs) in China. Although TVEs are disadvantaged in areas such as technology, labour skills, education levels of staff, access to bank loans and government...
Working Paper
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– Old Myths, Hard Facts and New Strategies in the Successful Transformation of the Polish Economy
In 1994-97 Poland has recorded an outstanding economic performance in terms of GDP growth, simultaneous reduction of inflation and unemployment, fiscal balance, zloty real revaluation, capacity restructuring, private sector growth and institution building. The Polish success needed a market...
Working Paper
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– Initial welfare Consequences of Price Liberalization in Eastern Europe
A one-good, representative consumer model of the pre-reform consumer sector of transition economies is developed. An equation is derived that permits empirical estimation of the welfare effect of price liberalization. Empirical estimates are calculated for Poland and Russia. These estimates indicate...
Working Paper
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– Lessons from China
Using a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector. These reforms allowed the SOEs to realize their innate tendencies to over-consume and over-invest. The evidence...
Working Paper
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– How, Why and for Whom?
Many Soviet state enterprises are changing their legal form. Permissive but imprecise legislation, policy paralysis at all levels of government, the breakdown of the state supply system, and continued excess demand, have allowed managers of state firms to initiate "spontaneous privatization" --...
Displaying 16 of 17 results