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Restructuring and competitiveness
journal contribution
posted on 2023-06-08, 19:17 authored by Nebojsa Stojcic, Iraj Hashi, Shqiponja TelhajShqiponja TelhajThis paper explores the competitiveness of firms in transition economies. Using a large panel of firms from several Central and Eastern European countries, the paper identifies factors influencing the competitiveness of firms in conditions of transition. Competitiveness, measured by firms' market share, is defined as a function of several elements of firms' restructuring behavior (e.g., improvements in cost-efficiency and labor productivity and investment in new machinery and equipment) as well as characteristics of firms and their environment, such as location, experience, technological intensity of their industries, and intensity of competition. To control for the dynamic nature of competitiveness and the potential endogeneity of its determinants, and to distinguish between short- and long-run effects of firm behavior, a dynamic panel methodology is employed. Our results indicate that the competitiveness of firms in transition economies is enhanced by improvements in their cost efficiency and labor productivity, investment, and their previous business experience, but stronger competition has a negative effect on it.
History
Publication status
- Published
Journal
Eastern European EconomicsISSN
0012-8775Publisher
ME SharpeExternal DOI
Issue
4Volume
51Page range
84-107Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2014-12-16Usage metrics
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