The business environment in the transition

Wendy Carlin, Mark Edwin Schaffer

    Research output: Chapter in Book/Report/Conference proceedingChapter

    2 Citations (Scopus)


    Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business environment includes physical infrastructure, the availability of an educated labour force, provision of administrative and judicial services, the control of corruption and crime, and the stability of the macroeconomic environment. By comparing how different elements of the business environment affected firms in formerly planned economies with those in economies outside transition, we document not only the challenges faced by transition firms but also the effects of the planning legacy.
    Original languageEnglish
    Title of host publicationHandbook of the Economics and Political Economy of Transition
    EditorsPaul Hare, Gerard Turley
    Number of pages14
    ISBN (Print)978-0415591126
    Publication statusPublished - 2013

    Publication series

    NameRoutledge International Handbooks


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