Industrial Concentration Under Shock Therapy: Poland in Early Transition Years

ESRC Centre for Business Research (University of Cambridge) Working Paper

21 Pages Posted: 15 Apr 1998

See all articles by Paul Kattuman

Paul Kattuman

University of Cambridge - Judge Business School

Ryszard S. Domanski

Polish Academy of Sciences

Date Written: December 1997

Abstract

Economic reforms in Poland have been aimed at engendering a competitive market economy. Reforms envisaged deconcentration, restructuring and privatisation of state enterprises. Together with private entry and growth, a competitive market structure was expected to evolve. Competitive shocks unleashed by the big bang were to influence the evolutionary process leading to mature market capitalism. We find that concentration increased promptly in several markets. A recurrent feature appears to be 'premature' exits (and significant contraction) of some large state enterprises before new private enterprises had grown large enough to challenge remaining incumbents.

JEL Classification: L11 L20 P21 P31

Suggested Citation

Kattuman, Paul A. and Domanski, Ryszard S., Industrial Concentration Under Shock Therapy: Poland in Early Transition Years (December 1997). ESRC Centre for Business Research (University of Cambridge) Working Paper, Available at SSRN: https://ssrn.com/abstract=76428 or http://dx.doi.org/10.2139/ssrn.76428

Paul A. Kattuman (Contact Author)

University of Cambridge - Judge Business School ( email )

Trumpington Road
Cambridge CB2 1AG
United Kingdom
+44 1223 764 136 (Phone)

Ryszard S. Domanski

Polish Academy of Sciences

Institute of Economics
Warsaw
Poland

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