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The Polish state-owned enterprise sector and the recession in 1990 (Inglés)

This paper presents an analysis of the performance of the Polish state-owned enterprise sector in 1990 and its role in the 1990 recession. New empirical evidence presented includes sales and production indexes calculated using data on physical quantities of products, and estimates of enterprise sector cash flow. The paper argues that the fall in output and collapse in cash flow at the start of 1990 resulted from a plunge in demand, an increase in...
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