Enterprise Restructuring and Economic Policy in Russia

Front Cover
Simon Commander, Qimiao Fan, Mark E. Schaffer
World Bank Publications, Jan 1, 1996 - Business & Economics - 290 pages
Considers the achievements and challenges facing East Asia's workers. The report reviews labor outcomes and evaluates the benefits of rapid growth to workers and the impact that the region's role in the global economy has had on them. It also examines labor market policies and institutions in the region, labor in the transition economies, and the outlook for East Asian workers in the 21st century. Also available: World Development Report 1995: Workers in an Integrating World Stock no. 61102 (ISBN 0-19-521102-2).
 

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Contents

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Page 243 - Note: * - denotes significance at 10 percent level; ** - denotes significance at 5 percent level; *** - denotes significance at 1 percent level.
Page 239 - BI and B.2 at the end of this paper present the full results of these regressions. Table 9 compares the effects of each of these factors on the spread. Table 9...
Page 230 - Significant at 10 percent level ** Significant at 5 percent level *** Significant at 1 percent level...
Page 175 - ... and tangible assets, increased fairly continuously and sharply. Since World War I or the Great Depression, however, the ratio in most of these countries has shown no upward trend, though considerable movements have occurred over shorter periods, such as sharp reductions during inflations; and though significant changes have taken place in the relative importance of the various types of financial institutions and of financial instruments. Among less developed countries, on the other hand, the...
Page 247 - Boycko, M., A. Shleifer, and R. Vishny. 1993. "Privatizing Russia.
Page 205 - York and the Center for International Security and Arms Control at Stanford University for the research on which this chapter is based.
Page 136 - Bigman, David, and Sergio Pereira Leite. 1993. "Enterprise Arrears in Russia: Causes and Policy Options.
Page 201 - State-Owned Enterprises in Poland: Taxation, Subsidization, and Competition Policies.
Page 125 - Schaffer suggest that wage arrears are in some sense an accounting fiction and present a way to reduce labor compensation. "In principle, managers always have the choice between paying a low wage (promptly) or essentially promising to pay higher wages with money the firm doesn't have (or the managers won't admit to having) - that is, to accumulate wage arrears. We suspect managers promise wages in excess of the cash they have available so as to turn workers' protests toward the government authorities...
Page 133 - leap-frogging" by workers seeking higher wages, a common scenario wherever wages are set in a decentralized way. Delaying wage payments also reflects "the relative power of managers in relation to workers, which the standard view suggests is greater in Russia than in Central and Eastern Europe" (Alfandari and Schaffer 1996: 133).

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