A General Equilibrium Approach to Interenterprise Arrears in Transition Economies with Application to Russia

A General Equilibrium Approach to Interenterprise Arrears in Transition Economies with Application to Russia
This paper presents a general equilibrium model of interenterprise arrears, characterized by n-stage production technology with random productivity shocks. The model shows that large interenterprise arrears in transition economies may reflect substantial business risks in those countries and that rapid privatization and commercialization may... READ MORE...

Publication date: December 1995
ISBN 9781451856491
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