Shocks and adjustment by firms in transition: a comparative study

Article Abstract:

The findings of a case study project involving 43 firms in Czechoslovakia, Hungary and Poland subjected to systemic changes in 1990-1992 are summarized. Evidence has been gathered that a number of firms have undergone restructuring before privatization. However, low levels of viability and weak management have inhibited restructuring. The need for a tangible privatization program for a successful transition is emphasized in the cases. Long-term planning form an intricate part of privatization despite the development of short-term plans in most of the firms.

Case studies, Czech Republic, Poland, Hungary, Corporations, Privatization, Privatization (Business), Corporations, Hungarian, Corporations, Czech, Corporations, Polish

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The eastern German labor market in transition: gross flow estimates from panel data

Article Abstract:

The eastern German labor market's characteristics during the transition from communism to capitalism was studied via a survey of citizens between Nov. 1990 and Nov. 1991. The results verified expectations of a labor supply contraction prior to stabilization and predictions of a service-dominated economy. The study used Markovian flow analysis, steady-state forecasts and multinomial logistic estimates.

Research, Economic aspects, Germany, Labor market, Regional economics, Labor supply, Labor force, Comparative economics

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The determinants of foreign direct investments into European transition economies

Article Abstract:

An analysis of the foreign direct investments into European Union nations in particular to the transition countries of central and Eastern Europe, is presented.

Europe, Foreign investments, Membership, European Union, Foreign direct investment

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