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The implications of rapid private sector growth in Poland

Rostowski, J. (1993) The implications of rapid private sector growth in Poland. CEPDP (159). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

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)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1993 J.Rostowski
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 19 Aug 2008 11:51
Last Modified: 15 Sep 2023 22:40
URI: http://eprints.lse.ac.uk/id/eprint/20953

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