Jan Svejnar
Biographic Data
| ID | 960694 |
|---|---|
| NAME | Jan Svejnar |
| GIVEN NAMES | Jan |
| FAMILY NAME | Svejnar |
| SIGNATURE | SVEJNAR J |
| AFFILIATIONS | Center for Economic and Policy Research |
| VERIFIED | No |
| TOTAL WORKS | 22 |
| TOTAL CITATIONS | 50 |
| AUTHOR COUNT | 21 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1978 |
| LATEST PUBLICATION YEAR | 2020 |
| H-INDEX | 4 |
Corruption and the Lava Jato Scandal in Latin America
Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard
Economic development implies that the efficiency of firms in developing countries starts approaching that of firms from advanced economies. Various development policies have been pursued to achieve this convergence. We test for this convergence in two economies that represent alternative models of implementing market-oriented development policies: the Czech Republic and Russia. Using 1992–2000 panel data on virtually all medium and large industri…
Business Environment, Exports, Ownership, and Firm Performance
We use two large samples of firms to assess the effects of business environment constraints, competition, export orientation, and ownership on firm performance. We deal with omitted variables, errors in variables, and endogeneity, and find that few business constraints affect performance. Replicating the analysis with Doing Business and Heritage Foundation indicators of the business environment yields similar results. In fact, country fixed effec…
Introduction to special issue of Small Business Economics on female entrepreneurship in developed and developing economies
"Breakups, privatization and firms" performance
This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that breakups increase the firm's profitability but do not alter its scale of op…
Returns to Human Capital Under The Communist Wage Grid and During the Transition to a Market Economy
We estimate returns to human capital during communism and the transition using data on 2,284 men in the Czech Republic. We show: (a) extremely low and constant rates of return to education under the communist wage grid and dramatic increases in transition, which do not differ by firm ownership, (b) radical changes in returns to several fields of study and “sheepskin effects” in both regimes, (c) identical wage experience profile in both regimes, …
Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe
The authors present a comparative analysis of employment determination in four transition economies as they moved from central planning to a market economy in the early 1990s. They use firm-level panel data sets from the Czech Republic, Hungary, Poland, and Slovakia to estimate dynamic employment equations for the period from immediately before to immediately after the start of transition. For the most part, firms appear to have been quick to adj…
Investment, Credit Rationing, and the Soft Budget Constraint: Evidence from Czech Panel Data
Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-1998, we find that foreign-owned companies invest the most and cooperatives the least, that private firms do not invest more than state-owned ones, and that cooperatives and small firms are credit rationed. Given the large volume of nonperforming bank loans to firms and the high rate of i…
Transition Economies: Performance and Challenges
I present data and assess the first twelve years of the transition from plan to market. Transformations have taken place, but the income gap between the transition and advanced economies has widened. Transition countries further east have performed worse than those further west, but policies matter. All countries carried out quickly Type I reforms, such as macroeconomic stabilization, price liberalization, small-scale privatization, and breakup o…
Enterprise Breakups and Performance During the Transition from Plan to Market
Using firm-level data, we estimate the effects of the major wave of 1991 breakups of Czechoslovak state-owned enterprises on the subsequent performance of the ‘master enterprises’ and spun-off divisions. We estimate the performance effects of spinoffs by comparing the performance of enterprises that remained intact throughout the 1990–1992 period to the performance of the master enterprises that experienced spinoffs and the newly spun-off subsidi…
Behavior of Participatory Firms in Yugoslavia: Lessons for Transforming Economies
Janez Prasnikar, Jan Svejnar, Dubravko Mihaljek, Vesna Prasnikar, Behavior of Participatory Firms in Yugoslavia: Lessons for Transforming Economies, The Review of Economics and Statistics, Vol. 76, No. 4 (Nov., 1994), pp. 728-741
Microeconomic Issues in the Transition to a Market Economy
The socialist system introduced microeconomic distortions that probably transcend those observed in the third world. The recent developments in Poland, Yugoslavia, and the Soviet Union also support the hypothesis that macro stabilization will be difficult to achieve in the transforming socialist economies in the absence of adequate micro adjustments. In this paper, I address what I consider to be the most important micro issues related to the tra…
Advances in the Economic Analysis of Participatory and Labor-Managed Firms. Vol. 1
The Economic Analysis of Participatory and Labor-Managed Firms, Volume 1
Participation, Profit Sharing, Worker Ownership and Efficiency in Italian Producer Cooperatives
This paper analyses the productivity effects of worker participation in management, profit-sharing and worker ownership. It develops an estimating framework and applies it to firm-level data for Italian producer cooperatives, one of the largest and fastest growing systems of producer cooperatives in industrialized Western economies. The results are of particular interest because they provide a systematic test of numerous hypotheses from the liter…
Self-Management and Efficiency: Large Corporations in Yugoslavia
The Economic Analysis of Producer Cooperatives
The determinants of industrial-sector earnings in Senegal
The Political Economy of Co-operation and Participation: A Third Sector
Relative Wage Effects of Unions, Dictatorship and Codetermination: Econometric Evidence from Germany
T HE present study estimates the effects of trade unions, Hitler's regime, and codetermination on relative wages in Germany. I Each of these establishments is considered to have had important implications for Germany's labor market. Moreover, a thorough understanding of their effects can be valuable for comparative purposes. Following a brief discussion of these phenomena and their hypothesized effects on wages, the analytical model is developed …
On the Empirical Testing of the Nash-Zeuthen Bargaining Solution
This paper examines several methodological problems encountered by researchers who have attempted to test the existence of the Nash-Zeuthen bargaining solution. The author attributes the problems to a misrepresentation of Nash-Zeuthen theories, weak empirical tests, and inadequate data. To help overcome these problems, he suggests two empirical strategies
Workers’participation in Management in Czechoslovakia
Transition Economies: Performance and Challenges
I present data and assess the first twelve years of the transition from plan to market. Transformations have taken place, but the income gap between the transition and advanced economies has widened. Transition countries further east have performed worse than those further west, but policies matter. All countries carried out quickly Type I reforms, such as macroeconomic stabilization, price liberalization, small-scale privatization, and breakup o…
Participation, Profit Sharing, Worker Ownership and Efficiency in Italian Producer Cooperatives
This paper analyses the productivity effects of worker participation in management, profit-sharing and worker ownership. It develops an estimating framework and applies it to firm-level data for Italian producer cooperatives, one of the largest and fastest growing systems of producer cooperatives in industrialized Western economies. The results are of particular interest because they provide a systematic test of numerous hypotheses from the liter…
Microeconomic Issues in the Transition to a Market Economy
The socialist system introduced microeconomic distortions that probably transcend those observed in the third world. The recent developments in Poland, Yugoslavia, and the Soviet Union also support the hypothesis that macro stabilization will be difficult to achieve in the transforming socialist economies in the absence of adequate micro adjustments. In this paper, I address what I consider to be the most important micro issues related to the tra…
Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe
The authors present a comparative analysis of employment determination in four transition economies as they moved from central planning to a market economy in the early 1990s. They use firm-level panel data sets from the Czech Republic, Hungary, Poland, and Slovakia to estimate dynamic employment equations for the period from immediately before to immediately after the start of transition. For the most part, firms appear to have been quick to adj…
"Breakups, privatization and firms" performance
This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that breakups increase the firm's profitability but do not alter its scale of op…
The determinants of industrial-sector earnings in Senegal
Workers’participation in Management in Czechoslovakia
On the Empirical Testing of the Nash-Zeuthen Bargaining Solution
This paper examines several methodological problems encountered by researchers who have attempted to test the existence of the Nash-Zeuthen bargaining solution. The author attributes the problems to a misrepresentation of Nash-Zeuthen theories, weak empirical tests, and inadequate data. To help overcome these problems, he suggests two empirical strategies
Relative Wage Effects of Unions, Dictatorship and Codetermination: Econometric Evidence from Germany
T HE present study estimates the effects of trade unions, Hitler's regime, and codetermination on relative wages in Germany. I Each of these establishments is considered to have had important implications for Germany's labor market. Moreover, a thorough understanding of their effects can be valuable for comparative purposes. Following a brief discussion of these phenomena and their hypothesized effects on wages, the analytical model is developed …
The Political Economy of Co-operation and Participation: A Third Sector
The determinants of industrial-sector earnings in Senegal
Participation, Profit Sharing, Worker Ownership and Efficiency in Italian Producer Cooperatives
This paper analyses the productivity effects of worker participation in management, profit-sharing and worker ownership. It develops an estimating framework and applies it to firm-level data for Italian producer cooperatives, one of the largest and fastest growing systems of producer cooperatives in industrialized Western economies. The results are of particular interest because they provide a systematic test of numerous hypotheses from the liter…
Self-Management and Efficiency: Large Corporations in Yugoslavia
The Economic Analysis of Producer Cooperatives
Advances in the Economic Analysis of Participatory and Labor-Managed Firms. Vol. 1
The Economic Analysis of Participatory and Labor-Managed Firms, Volume 1
Microeconomic Issues in the Transition to a Market Economy
The socialist system introduced microeconomic distortions that probably transcend those observed in the third world. The recent developments in Poland, Yugoslavia, and the Soviet Union also support the hypothesis that macro stabilization will be difficult to achieve in the transforming socialist economies in the absence of adequate micro adjustments. In this paper, I address what I consider to be the most important micro issues related to the tra…
Behavior of Participatory Firms in Yugoslavia: Lessons for Transforming Economies
Janez Prasnikar, Jan Svejnar, Dubravko Mihaljek, Vesna Prasnikar, Behavior of Participatory Firms in Yugoslavia: Lessons for Transforming Economies, The Review of Economics and Statistics, Vol. 76, No. 4 (Nov., 1994), pp. 728-741
Enterprise Breakups and Performance During the Transition from Plan to Market
Using firm-level data, we estimate the effects of the major wave of 1991 breakups of Czechoslovak state-owned enterprises on the subsequent performance of the ‘master enterprises’ and spun-off divisions. We estimate the performance effects of spinoffs by comparing the performance of enterprises that remained intact throughout the 1990–1992 period to the performance of the master enterprises that experienced spinoffs and the newly spun-off subsidi…
Investment, Credit Rationing, and the Soft Budget Constraint: Evidence from Czech Panel Data
Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-1998, we find that foreign-owned companies invest the most and cooperatives the least, that private firms do not invest more than state-owned ones, and that cooperatives and small firms are credit rationed. Given the large volume of nonperforming bank loans to firms and the high rate of i…
Transition Economies: Performance and Challenges
I present data and assess the first twelve years of the transition from plan to market. Transformations have taken place, but the income gap between the transition and advanced economies has widened. Transition countries further east have performed worse than those further west, but policies matter. All countries carried out quickly Type I reforms, such as macroeconomic stabilization, price liberalization, small-scale privatization, and breakup o…
Returns to Human Capital Under The Communist Wage Grid and During the Transition to a Market Economy
We estimate returns to human capital during communism and the transition using data on 2,284 men in the Czech Republic. We show: (a) extremely low and constant rates of return to education under the communist wage grid and dramatic increases in transition, which do not differ by firm ownership, (b) radical changes in returns to several fields of study and “sheepskin effects” in both regimes, (c) identical wage experience profile in both regimes, …
Employment Determination in Enterprises under Communism and in Transition: Evidence from Central Europe
The authors present a comparative analysis of employment determination in four transition economies as they moved from central planning to a market economy in the early 1990s. They use firm-level panel data sets from the Czech Republic, Hungary, Poland, and Slovakia to estimate dynamic employment equations for the period from immediately before to immediately after the start of transition. For the most part, firms appear to have been quick to adj…
"Breakups, privatization and firms" performance
This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that breakups increase the firm's profitability but do not alter its scale of op…
Business Environment, Exports, Ownership, and Firm Performance
We use two large samples of firms to assess the effects of business environment constraints, competition, export orientation, and ownership on firm performance. We deal with omitted variables, errors in variables, and endogeneity, and find that few business constraints affect performance. Replicating the analysis with Doing Business and Heritage Foundation indicators of the business environment yields similar results. In fact, country fixed effec…
Introduction to special issue of Small Business Economics on female entrepreneurship in developed and developing economies
Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard
Economic development implies that the efficiency of firms in developing countries starts approaching that of firms from advanced economies. Various development policies have been pursued to achieve this convergence. We test for this convergence in two economies that represent alternative models of implementing market-oriented development policies: the Czech Republic and Russia. Using 1992–2000 panel data on virtually all medium and large industri…
Corruption and the Lava Jato Scandal in Latin America
Economics (19 works) · Business (15 works) · Political science (11 works) · Labour economics (7 works) · Market economy (7 works) · Finance (6 works) · Industrial organization (6 works) · Law (6 works) · Corporate Finance and Governance (5 works) · Finance (5 works)