Barriers to Entry and Growth of New Firms in Early Transition: A Comparative Study of Poland, Hungary, Czech Republic, Albania, and Lithuania

Book Description
This book is about barriers to entry in early transition. It analyses the barriers faced by new private firms in five countries at different stages of transition: the Czech Republic, Hungary and Poland as the front-runners of the process, and Albania and Lithuania which followed them later. It is now well established that the new private firm sector is the engine of growth in transition economies. But the entry of new firms is closely related to the nature of the existing regulatory and fiscal framework, specifically the registration and licensing requirements, rules on sale or lease of real estate, export and import regulations, and taxes and contributions. These barriers invariably lead entrepreneurs to conduct some or all of their business outside the official economy or, in some cases, discourage them from entry altogether. Contributors to the book are academic economists and policy makers with wide ranging experiences of the transition process. They have been closely involved in formulating economic policies, advising governments of transitions countries, and conducting research on different aspects of market oriented reforms. They provide comprehensive reviews of the existing rules and regulations affecting entry and their impact on private sector development in each country. They also draw on the results of a survey of 400 enterprises in five transition economies, highlighting the range of government-imposed barriers affecting new firms. The experience of the surveyed enterprises provides an important lesson for policy makers in all transition countries: the establishment and growth of new firms will be speeded up if the cumbersome rules and regulations are simplified and the heavy burden of taxation on new firms is reduced.

Book Info
Analyzes the barriers faced by the new firms in five countries at different stages of transition: The Czech Republic, Hungary, Poland, and the front-runners of the process, and Albania and Lithuania which followed them later.


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Economists from eastern and western Europe identify factors that impose a cost on new entrants into an industry or market but not incumbents in it. They focus on the legal, fiscal, institutional, and factors that impede new firms from entry and slow down the expansion of newly established firms in each country. Three of the countries they examine are considered to have reached an advanced stage of transition, while the other two began the process later and so are lagging behind. Two of the chapters have been published as separate journal articles. Annotation (c)2003 Book News, Inc., Portland, OR


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