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|dc.description.abstract||While a variety of studies analysed the benign effects of privatisation on firm performanceunder post-socialist transition using financial data very little is known about how the apparentproductivity gains were achieved. This paper follows a weaving mill from 1998 to 1997 on itsway of becoming a capitalist enterprise and gives a detailed account of the sources and limitsof productivity growth. The data suggests that the factory was not far from the competitiveoptimum given the size of ?plant and equipment? - efficiency gains were mostly achieved byplant size reduction and asset stripping. The gains from this sort of initial restructuring helpedmany former state enterprises stay on the market but they did not necessarily indicate highlevels of adaptability, capacity to innovate and ability to attract outside investors. Ineconomies with many ?seemingly restructured? privatised enterprises the elimination of theformer state sector jobs is likely to continue within the private sector. The process may lastfor years after privatisation as a legal act had been fully accomplished.||en_US|
|dc.publisher|||aInstitute for the Study of Labor (IZA) |cBonn||-|
|dc.relation.ispartofseries|||aIZA Discussion paper series |x972||en_US|
|dc.title||Transition on the shop floor : the restructuring of a weaving mill, Hungary 1988-97||en_US|
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