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The Microeconomics of Transformation and Growth
This groundbreaking book discusses the significance of a microeconomic approach to the transformation process in Eastern Europe from a theoretical and empirical perspective. It reveals that microeconomic conditions constitute the framework for the successful restructuring and recovery of the post-socialist countries in Europe.
More Information
Contributors
Contents
More Information
This groundbreaking book discusses the significance of a microeconomic approach to the transformation process in Eastern Europe from a theoretical and empirical perspective. It reveals that microeconomic conditions constitute the framework for the successful restructuring and recovery of the post-socialist countries in Europe.
The analysis of transformation cannot be fully conducted on a macroeconomic level alone. Successful progress needs a change of individual behaviour and so microeconomic analyses are required. The authors illustrate this argument with the use of case studies from firms and industries throughout Eastern Europe. They demonstrate that modern microeconomics goes far beyond the neoclassical approach in analysing the transformation process. They adopt realistic assumptions and insights from institutional and evolutionary economics to explain the need for and the rise of new institutions during the period of transformation. In conclusion, they argue that the new state has to play a strong role in shaping and generating the institutions necessary to help overcome the transformation crisis.
The Microeconomics of Transformation and Growth will prove invaluable to students and scholars of transition studies, institutional economics and evolutionary economics.
The analysis of transformation cannot be fully conducted on a macroeconomic level alone. Successful progress needs a change of individual behaviour and so microeconomic analyses are required. The authors illustrate this argument with the use of case studies from firms and industries throughout Eastern Europe. They demonstrate that modern microeconomics goes far beyond the neoclassical approach in analysing the transformation process. They adopt realistic assumptions and insights from institutional and evolutionary economics to explain the need for and the rise of new institutions during the period of transformation. In conclusion, they argue that the new state has to play a strong role in shaping and generating the institutions necessary to help overcome the transformation crisis.
The Microeconomics of Transformation and Growth will prove invaluable to students and scholars of transition studies, institutional economics and evolutionary economics.
Contributors
Contributors: V. Benácek, J.E. Birnie, J.P. Bonin, H. Brezinski, D. Chemetilo, G. Dragan, E. Franck, M. Fritsch, S. Goglio, I. Gurkov, J. Hamar, D.M.W.N. Hitchens, M. Keren, M. Lechner, B. Leven, J. Mallok, K.E. Meyer, A. Petrov, M.E. Schaffner, J. Sereghyová, J.M. van Brabant, C. von Hirschhausen, K. Wagner, A. Zemplinerová
Contents
Contents: 1. Insights of Microeconomic Analyses of Transformation Processes (H. Brezinski, E. Franck and M. Fritsch) 2. Microeconomics, Endogenous Growth and Systemic Transformation (J.M. van Brabant) 3. Arguments for a Post-Socialist Horizontal Industrial Policy in Eastern Europe: Experience from Five Years of Enterprise Reforms (C. von Hirschhausen) 4. Why a ‘Big Bang’ is Better: An Evolutionary Model of Microeconomic Transition from Socialism to the Market (M. Keren) 5. Unlocking Frozen Assets and Creating Corporate Culture: Hungary and Poland take Different Approaches (J.P. Bonin, B. Leven and M.E. Schaffner) 6. Economic Behaviour, Adjustment and Performance of Producers in Transition: The Case of Czech Textile Manufacturing (V. Benácek, D. Chemetilo, G. Dragun and A. Petrov - Comment (J. Sereghyová) 7. Control Structures and Market Strategies of Russian Domesticated-Oriented Companies (I. Gurkov) 8. Company Competitiveness: A Comparative Matched Plant Study of Three Eastern Europe Countries (D.M.W.N. Hitchens, K. Wagner, J.E. Birnie, J.Hamar and A. Zemplinerová) 9. Surviving the Transition: The Process of Adaption of Small and Medium-Sized Firms in East Germany (M. Fritsch and J. Mallok) 10. British and German Business with the Economies in Transition: Summary of a Questionnaire Survey (K.E. Meyer) 11. Continuous off-the-job Training in East Germany after Unification: Preliminary Results of an Evaluation of the Short-Run Effects for Individual Workers (M. Lechner) 12. Institutional Infrastructure, Economic Cooperation and Transition: What Can be Learned form the Case of Lebanon? (S. Goglio) Index
