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on Confederation of Independent States |
| By: | Bhaumik, Sumon (Queen’s University Belfast); Estrin, Saul (London Business School and IZA Bonn) |
| Abstract: | We use enterprise data to analyse and contrast the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs, but not correlated with ownership or institutional factors. However, in Russia, enterprise growth is not associated with increases in factor quantity (except for labor) or quality. The main determinants of company performance are instead demand and institutional factors at a regional level. We explore possible interpretations of these results, including the impact of institutional and managerial quality. |
| Keywords: | enterprise performance, privatization in Russia and China |
| JEL: | D23 L22 O12 P31 |
| Date: | 2005–01 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp1484&r=cis |
| By: | Sulamaa, Pekka; Widgrén, Mika |
| Abstract: | This Paper examines the economic effects of the opening of the former Soviet Union. The analysis carried out in the Paper is two-fold. First we simulate the impact of the eastern enlargement of the EU and, second, we analyse how deeper integration between the EU and Russia contributes to this. The analysis is carried out with GTAP computable general equilibrium model. We find that there is a trade-off between the two roads of European integration arrangements. Eastern enlargement seems, even in its very deep form, to be beneficial for all EU regions without causing substantial welfare losses outside the Union. EU-Russia integration, on the other hand, has a different impact. To be beneficial for Russia, free trade between the EU and Russia requires improved productivity in the latter, which may be due to better institutions or increased FDI. This might make the negotiations of the agreement cumbersome and, if agreed, its implementation difficult. |
| Keywords: | european integration; GTAP model; trade |
| JEL: | F14 F15 F17 |
| Date: | 2004–10 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:4720&r=cis |
| By: | Sabirianova Peter, Klara Z; Svejnar, Jan; Terrell, Katherine |
| Abstract: | We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all parts of the distribution) from 1992-94 to 1995-97 and did not change from 1995-97 to 1998-2000. The distance to the frontier is, however, orders of magnitude greater in Russia than in the Czech Republic throughout 1992-2000. We also find in both countries that domestic firms in industries with a greater share of foreign firms are falling behind more than domestic firms in industries with a smaller foreign presence. In the Czech Republic, however, this ‘negative spillover’ effect is diminished over time, whereas in Russia it continues to cause domestic firms to fall further behind. On the other hand, we find in both countries that foreign firms experience positive spillovers from other foreign firms operating in the same product market. This evidence on the dynamics of efficiency is consistent with the view that economies (firms) need to be more technologically advanced and open to competition in order to be able to gain from foreign presence. |
| Keywords: | convergence; Czech Republic; foreign direct investment; frontier; knowledge spillovers; productivity; Russia |
| JEL: | C33 D20 F23 G32 L20 O33 |
| Date: | 2004–11 |
| URL: | http://d.repec.org/n?u=RePEc:cpr:ceprdp:4723&r=cis |