Barriers to Entry and Growth of New Firms in Early Transition

A Comparative Study of Poland, Hungary, Czech Republic, Albania and Lithuania

  • Iraj Hoshi
  • Ewa Balcerowicz
  • Leszek Balcerowicz

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Ewa Balcerowicz, Leszek Balcerowicz, Iraj Hoshi
    Pages 1-47
  3. Miklós Szanyi
    Pages 99-120
  4. Jane Christian
    Pages 121-142
  5. Lindita Xhillari, Shqiponja Telhaj
    Pages 243-290
  6. Jan Mládek, Iraj Hoshi
    Pages 291-321
  7. Back Matter
    Pages 323-325

About this book

Introduction

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.

Keywords

Finance Hungary business development econometrics economy entrepreneur growth investment regulation transition value-at-risk

Editors and affiliations

  • Iraj Hoshi
    • 1
  • Ewa Balcerowicz
    • 2
  • Leszek Balcerowicz
  1. 1.Stoke on TrentStaffordshire UniversityUK
  2. 2.the Centre for Social and Economic ResearchCASE FoundationWarsawPoland

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4419-9234-5
  • Copyright Information Springer Science+Business Media New York 2003
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4613-4851-1
  • Online ISBN 978-1-4419-9234-5
  • About this book