Overview

inefficient and uncompetitive enterprises especially from the over-grown industrial sector. These initial conditions meant that, in the early stages of transition, the volume of entries and exits will be, by necessity, very high ­ reflecting the large scale changes that had to take place before these economies attain a macroeconomic structure consistent with their level of development and with the needs of a market-based economy open to internationalcompetition. One of the main elements of the reform programme in all economies in transition was the liberalisation of entry conditions. Along with the liberalisation of prices and foreign trade, appropriate measures facilitating the establishment of new enterprises were approved in the very early phase of reforms in all of these countries. The effectiveness of liberalised entry conditions, of course, depends on the presence of appropriate legal and institutional framework in which new firms will operate. The establishment of a conducive legal and institutional environment, however, takes much longer. In practice, new firms come into existence before the rules of the game are properly established. These rules develop gradually and are not always, and everywhere, consistent with the aim of liberalising the entry conditions. The conditions facing new firms, therefore, have fluctuated in some countries in accordance with changes in the political environment and in line with the strength of different lobbies and interest groups.

Full Product Details

Author:   Iraj Hoshi ,  Ewa Balcerowicz ,  Leszek Balcerowicz
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of the original 1st ed. 2003
Dimensions:   Width: 15.50cm , Height: 1.80cm , Length: 23.50cm
Weight:   0.534kg
ISBN:  

9781461348511

ISBN 10:   146134851
Pages:   325
Publication Date:   05 October 2012
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction and Overview.- Appendix 1.1. Enterprise Survey Questionnaire.- 2. Fiscal and Regulatory Impediments to the Entry of New Firms in Five Transition Economies.- 3. Investment and Finance in de Novo Private Firms: Empirical Results from the Czech Republic, Hungary and Poland.- Appendix 3.1. Additional Econometric Results.- 4. Foreign Direct Investment in Small Firms.- 5. Barriers to Entry and the Unofficial Economy.- 6. From Foe to Friend in 10 Years: Private Business Development in Hungary 1989–1998.- 7. Barriers to Entry and Their Impact on Private Sector Growth in Poland.- 8. Barriers to Entry and their Impact on Firms’ Performance in Albania.- Appendix 8.1. Correlation Matrix.- 9. Barriers to Entry of New Firms in the Czech Republic.

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