Rostowski, J. (1993) The implications of rapid private sector growth in Poland. CEPDP, 159. Centre for Economic Performance, London School of Economics and Political Science, London, UK.Full text not available from this repository.
Three phases in the growth of the private sector in Poland since 1985 are identified: until the end of 1989, distorted and slow growth; 1990 rapid service sector development; and from 1991 rapid balanced growth. Poland has achieved massive private sector development with minimal privatisation of state enterprises: the key cause has been macroeconomic stabilisation. Very small availability of credit has not prevented this rapid growth, suggesting the unimportance of credit and financial markets in the early years of transition.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 1993 J.Rostowski|
|Library of Congress subject classification:||H Social Sciences > HD Industries. Land use. Labor|
|Sets:||Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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