俄罗斯工业结构调整:企业对自由化冲击的早期反应

Economics of Transition Pub Date : 1997-05-01 DOI:10.1111/J.1468-0351.1997.TB00003.X

E. Duflo, Claudia Senik-Leygonie

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引用次数: 20

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Industrial restructuring in Russia: early reactions fo firms to the shock of liberalization

This paper looks at the reaction of Russian firsm to the shock of liberalization. Firms are exposed to two kinds of shocks. A supply affects their profitability. A demand shock reflects the new expression of consumers and the opening of the country to foreign competition. Econometric tests show that firms adapt to these changes. They react by adjusting their output. They are not able to change their production techniques for lack of fresh capital. Employment is more stable that output: it is preserved by the adjustment of real wages. Therefore, firms with a low share of material inputs are relatively better off. Copyright The European Bank for Reconstruction and Development, 1997.

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Economics of Transition ECONOMICS-

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期刊介绍： Economics of Transition publishes high-quality, refereed articles on the economics of structural transformation, institutional development, and growth. It presents innovative theoretical work and econometric analyses of the process of economic reform and its macroeconomic effects. The journal aims to promote new thinking on how institutions and institutional change can be analyzed and measured and how their impact on aggregate economic performance can be evaluated.