Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector
Are Belarus's state owned enterprises positioned to grow in 2011-2015 as successfully as in 1995-2006? State owned enterprises account for 55 percent of Belarus's output and two-thirds of overall employment; economic growth in 1995-2006 was...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/03/15967918/structural-challenges-soes-belarus-case-study-machine-building-sector http://hdl.handle.net/10986/19871 |
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okr-10986-19871 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURE ASYMMETRIC INFORMATION AUTOMOBILE AUTOMOBILE INDUSTRY AUTOMOTIVE INDUSTRY AVERAGE PRICES BANK POLICY BENCHMARKS BUS BUSES BUSINESS ENTITIES CAPITAL ASSETS CAPITAL INVESTMENT CAPTIVE MARKET CATERING CIVIL CODE COMPETITIVENESS CONSUMER GOODS CORPORATE GOVERNANCE CUSTOM CUSTOMS DEBT DEBTS DECISION MAKING DEPOSITS DEVELOPMENT POLICY DIESEL DIESEL ENGINES DIRECT MARKET DISCOUNTED VALUE DISTRIBUTION CHANNELS DOMESTIC MARKET DURABLE DURABLE GOODS ECONOMIC ACTIVITY ECONOMIC ASSETS ECONOMIC SECTORS ECONOMIC VALUE ELASTICITY ELASTICITY OF DEMAND ELECTRICITY ENTERPRISE OPERATION ESTABLISHED BRANDS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT MARKETS FINANCIAL CRISIS FINANCIAL STRUCTURE FINISHED PRODUCT FIRM PERFORMANCE FIXED ASSETS FIXED CAPITAL FOREIGN DIRECT INVESTMENT FUEL GDP GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GOVERNMENT POLICY HEAVY TRUCKS HOST ECONOMY INCOME ELASTICITY OF DEMAND INDUSTRIAL PRODUCTION INDUSTRIAL STRUCTURE INDUSTRIALIZATION INEFFICIENCY INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INSURANCE INSURANCE SYSTEM INTERMEDIATE GOODS INTERMEDIATE PRODUCTS INTERNATIONAL BANK INVENTORIES INVENTORY INVENTORY LEVELS INVESTMENT FUNDS INVESTMENT POLICY JOINT STOCK COMPANIES LACK OF COMPETITION LEVIES LOCAL CURRENCY LORRIES MANUFACTURING MARGINAL PRODUCT MARKET ACCESS MARKET BENCHMARK MARKET CONDITIONS MARKET DISCIPLINE MARKET ECONOMIES MARKET ECONOMY MARKET FORCES MARKET INFORMATION MARKET NICHE MARKET SEGMENT MARKET SHARE MARKET SHARES MARKET VALUE MATERIAL MERCHANDISE MERCHANDISE EXPORTS MINISTRY OF TRANSPORT MOTOR VEHICLE NEGATIVE SHOCK NEW TECHNOLOGIES NEW TECHNOLOGY OIL PRICE OIL PRICES OPEN ACCESS OPPORTUNITY COST OPPORTUNITY COSTS ORGANIZATIONAL INNOVATIONS OUTSOURCING PRICE DYNAMICS PRICE LEVEL PRICE PRODUCTS PRICE STRUCTURE PRIVATE SECTOR PROCUREMENT PRODUCER PRICE PRODUCER PRICE INDEX PRODUCT CATEGORIES PRODUCT CATEGORY PRODUCTION COSTS PRODUCTION PROCESS PRODUCTIVITY PROTECTIONISM QUALITY OF SERVICES RAILWAY RELIABILITY RESERVES RESULT RESULTS RETURN RETURN ON ASSETS RETURNS RETURNS TO SCALE SAFETY SAFETY NET SALE SALES SALES CHANNEL SHADOW PRICE SHAREHOLDER SHAREHOLDERS SOFT BUDGET CONSTRAINTS STATE GUARANTEES SUPPLIER SUPPLIERS SUPPLY CHAIN TARGETS TAX TAX SYSTEM TECHNOLOGICAL INNOVATION TECHNOLOGICAL INNOVATIONS TOTAL COSTS TOTAL SALES TRADE DIVERSION TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TRANSPORT EQUIPMENT TRANSPORT SECTOR TRUE TURNOVER UNEMPLOYMENT USERS VALUATION VALUE ADDED VALUE OF ASSETS VARIABLE RATES VEHICLE MANUFACTURERS VEHICLES VERTICAL INTEGRATION WAGES WEB WORLD MARKET WTO |
| spellingShingle |
AGRICULTURE ASYMMETRIC INFORMATION AUTOMOBILE AUTOMOBILE INDUSTRY AUTOMOTIVE INDUSTRY AVERAGE PRICES BANK POLICY BENCHMARKS BUS BUSES BUSINESS ENTITIES CAPITAL ASSETS CAPITAL INVESTMENT CAPTIVE MARKET CATERING CIVIL CODE COMPETITIVENESS CONSUMER GOODS CORPORATE GOVERNANCE CUSTOM CUSTOMS DEBT DEBTS DECISION MAKING DEPOSITS DEVELOPMENT POLICY DIESEL DIESEL ENGINES DIRECT MARKET DISCOUNTED VALUE DISTRIBUTION CHANNELS DOMESTIC MARKET DURABLE DURABLE GOODS ECONOMIC ACTIVITY ECONOMIC ASSETS ECONOMIC SECTORS ECONOMIC VALUE ELASTICITY ELASTICITY OF DEMAND ELECTRICITY ENTERPRISE OPERATION ESTABLISHED BRANDS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT MARKETS FINANCIAL CRISIS FINANCIAL STRUCTURE FINISHED PRODUCT FIRM PERFORMANCE FIXED ASSETS FIXED CAPITAL FOREIGN DIRECT INVESTMENT FUEL GDP GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GOVERNMENT POLICY HEAVY TRUCKS HOST ECONOMY INCOME ELASTICITY OF DEMAND INDUSTRIAL PRODUCTION INDUSTRIAL STRUCTURE INDUSTRIALIZATION INEFFICIENCY INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INSURANCE INSURANCE SYSTEM INTERMEDIATE GOODS INTERMEDIATE PRODUCTS INTERNATIONAL BANK INVENTORIES INVENTORY INVENTORY LEVELS INVESTMENT FUNDS INVESTMENT POLICY JOINT STOCK COMPANIES LACK OF COMPETITION LEVIES LOCAL CURRENCY LORRIES MANUFACTURING MARGINAL PRODUCT MARKET ACCESS MARKET BENCHMARK MARKET CONDITIONS MARKET DISCIPLINE MARKET ECONOMIES MARKET ECONOMY MARKET FORCES MARKET INFORMATION MARKET NICHE MARKET SEGMENT MARKET SHARE MARKET SHARES MARKET VALUE MATERIAL MERCHANDISE MERCHANDISE EXPORTS MINISTRY OF TRANSPORT MOTOR VEHICLE NEGATIVE SHOCK NEW TECHNOLOGIES NEW TECHNOLOGY OIL PRICE OIL PRICES OPEN ACCESS OPPORTUNITY COST OPPORTUNITY COSTS ORGANIZATIONAL INNOVATIONS OUTSOURCING PRICE DYNAMICS PRICE LEVEL PRICE PRODUCTS PRICE STRUCTURE PRIVATE SECTOR PROCUREMENT PRODUCER PRICE PRODUCER PRICE INDEX PRODUCT CATEGORIES PRODUCT CATEGORY PRODUCTION COSTS PRODUCTION PROCESS PRODUCTIVITY PROTECTIONISM QUALITY OF SERVICES RAILWAY RELIABILITY RESERVES RESULT RESULTS RETURN RETURN ON ASSETS RETURNS RETURNS TO SCALE SAFETY SAFETY NET SALE SALES SALES CHANNEL SHADOW PRICE SHAREHOLDER SHAREHOLDERS SOFT BUDGET CONSTRAINTS STATE GUARANTEES SUPPLIER SUPPLIERS SUPPLY CHAIN TARGETS TAX TAX SYSTEM TECHNOLOGICAL INNOVATION TECHNOLOGICAL INNOVATIONS TOTAL COSTS TOTAL SALES TRADE DIVERSION TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TRANSPORT EQUIPMENT TRANSPORT SECTOR TRUE TURNOVER UNEMPLOYMENT USERS VALUATION VALUE ADDED VALUE OF ASSETS VARIABLE RATES VEHICLE MANUFACTURERS VEHICLES VERTICAL INTEGRATION WAGES WEB WORLD MARKET WTO Favaro, Edgardo Smits, Karlis Bakanova, Marina Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector |
| geographic_facet |
Europe and Central Asia Europe and Central Asia Belarus |
| relation |
Policy Research Working Paper;No. 6010 |
| description |
Are Belarus's state owned
enterprises positioned to grow in 2011-2015 as successfully
as in 1995-2006? State owned enterprises account for 55
percent of Belarus's output and two-thirds of overall
employment; economic growth in 1995-2006 was the result of
capacity expansion and productivity improvements in state
owned enterprises. These sources of economic growth
originated in policy decisions that preserved the
functioning of the command and control economy and allowed
the country to exploit preferential commercial access to the
Russian market in several goods and services. Are the same
reasons likely to facilitate the performance of state owned
enterprises and overall economic growth in 2011-2015? This
paper concludes that this is not likely to happen. Times
have changed: the slowdown in production and exports in
2009-2010 was unquestionably associated with a transitory
decline in demand for durable goods in Russia. But there
have also been more permanent market forces at work: a
steady increase in competition in Russia and other
Commonwealth of Independent States markets resulting from
low-price Chinese and Russian-produced capital goods; and a
shift in demand from low-quality/low price to high-quality,
high-price transport equipment demand in Russia and other
Commonwealth of Independent States markets. And these forces
are there to stay. This conclusion leads to the following
questions: Would state owned enterprises be able to adapt to
observed market changes? What reforms would be relevant to
facilitate the necessary adaptation? |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Favaro, Edgardo Smits, Karlis Bakanova, Marina |
| author_facet |
Favaro, Edgardo Smits, Karlis Bakanova, Marina |
| author_sort |
Favaro, Edgardo |
| title |
Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector |
| title_short |
Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector |
| title_full |
Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector |
| title_fullStr |
Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector |
| title_full_unstemmed |
Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector |
| title_sort |
structural challenges for soes in belarus : a case study of the machine building sector |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2012/03/15967918/structural-challenges-soes-belarus-case-study-machine-building-sector http://hdl.handle.net/10986/19871 |
| _version_ |
1764443986817187840 |
| spelling |
okr-10986-198712021-04-23T14:03:52Z Structural Challenges for SOEs in Belarus : A Case Study of the Machine Building Sector Favaro, Edgardo Smits, Karlis Bakanova, Marina AGRICULTURE ASYMMETRIC INFORMATION AUTOMOBILE AUTOMOBILE INDUSTRY AUTOMOTIVE INDUSTRY AVERAGE PRICES BANK POLICY BENCHMARKS BUS BUSES BUSINESS ENTITIES CAPITAL ASSETS CAPITAL INVESTMENT CAPTIVE MARKET CATERING CIVIL CODE COMPETITIVENESS CONSUMER GOODS CORPORATE GOVERNANCE CUSTOM CUSTOMS DEBT DEBTS DECISION MAKING DEPOSITS DEVELOPMENT POLICY DIESEL DIESEL ENGINES DIRECT MARKET DISCOUNTED VALUE DISTRIBUTION CHANNELS DOMESTIC MARKET DURABLE DURABLE GOODS ECONOMIC ACTIVITY ECONOMIC ASSETS ECONOMIC SECTORS ECONOMIC VALUE ELASTICITY ELASTICITY OF DEMAND ELECTRICITY ENTERPRISE OPERATION ESTABLISHED BRANDS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT MARKETS FINANCIAL CRISIS FINANCIAL STRUCTURE FINISHED PRODUCT FIRM PERFORMANCE FIXED ASSETS FIXED CAPITAL FOREIGN DIRECT INVESTMENT FUEL GDP GOVERNMENT OWNERSHIP GOVERNMENT POLICIES GOVERNMENT POLICY HEAVY TRUCKS HOST ECONOMY INCOME ELASTICITY OF DEMAND INDUSTRIAL PRODUCTION INDUSTRIAL STRUCTURE INDUSTRIALIZATION INEFFICIENCY INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INSURANCE INSURANCE SYSTEM INTERMEDIATE GOODS INTERMEDIATE PRODUCTS INTERNATIONAL BANK INVENTORIES INVENTORY INVENTORY LEVELS INVESTMENT FUNDS INVESTMENT POLICY JOINT STOCK COMPANIES LACK OF COMPETITION LEVIES LOCAL CURRENCY LORRIES MANUFACTURING MARGINAL PRODUCT MARKET ACCESS MARKET BENCHMARK MARKET CONDITIONS MARKET DISCIPLINE MARKET ECONOMIES MARKET ECONOMY MARKET FORCES MARKET INFORMATION MARKET NICHE MARKET SEGMENT MARKET SHARE MARKET SHARES MARKET VALUE MATERIAL MERCHANDISE MERCHANDISE EXPORTS MINISTRY OF TRANSPORT MOTOR VEHICLE NEGATIVE SHOCK NEW TECHNOLOGIES NEW TECHNOLOGY OIL PRICE OIL PRICES OPEN ACCESS OPPORTUNITY COST OPPORTUNITY COSTS ORGANIZATIONAL INNOVATIONS OUTSOURCING PRICE DYNAMICS PRICE LEVEL PRICE PRODUCTS PRICE STRUCTURE PRIVATE SECTOR PROCUREMENT PRODUCER PRICE PRODUCER PRICE INDEX PRODUCT CATEGORIES PRODUCT CATEGORY PRODUCTION COSTS PRODUCTION PROCESS PRODUCTIVITY PROTECTIONISM QUALITY OF SERVICES RAILWAY RELIABILITY RESERVES RESULT RESULTS RETURN RETURN ON ASSETS RETURNS RETURNS TO SCALE SAFETY SAFETY NET SALE SALES SALES CHANNEL SHADOW PRICE SHAREHOLDER SHAREHOLDERS SOFT BUDGET CONSTRAINTS STATE GUARANTEES SUPPLIER SUPPLIERS SUPPLY CHAIN TARGETS TAX TAX SYSTEM TECHNOLOGICAL INNOVATION TECHNOLOGICAL INNOVATIONS TOTAL COSTS TOTAL SALES TRADE DIVERSION TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRANSPORT TRANSPORT EQUIPMENT TRANSPORT SECTOR TRUE TURNOVER UNEMPLOYMENT USERS VALUATION VALUE ADDED VALUE OF ASSETS VARIABLE RATES VEHICLE MANUFACTURERS VEHICLES VERTICAL INTEGRATION WAGES WEB WORLD MARKET WTO Are Belarus's state owned enterprises positioned to grow in 2011-2015 as successfully as in 1995-2006? State owned enterprises account for 55 percent of Belarus's output and two-thirds of overall employment; economic growth in 1995-2006 was the result of capacity expansion and productivity improvements in state owned enterprises. These sources of economic growth originated in policy decisions that preserved the functioning of the command and control economy and allowed the country to exploit preferential commercial access to the Russian market in several goods and services. Are the same reasons likely to facilitate the performance of state owned enterprises and overall economic growth in 2011-2015? This paper concludes that this is not likely to happen. Times have changed: the slowdown in production and exports in 2009-2010 was unquestionably associated with a transitory decline in demand for durable goods in Russia. But there have also been more permanent market forces at work: a steady increase in competition in Russia and other Commonwealth of Independent States markets resulting from low-price Chinese and Russian-produced capital goods; and a shift in demand from low-quality/low price to high-quality, high-price transport equipment demand in Russia and other Commonwealth of Independent States markets. And these forces are there to stay. This conclusion leads to the following questions: Would state owned enterprises be able to adapt to observed market changes? What reforms would be relevant to facilitate the necessary adaptation? 2014-08-29T18:31:17Z 2014-08-29T18:31:17Z 2012-03 http://documents.worldbank.org/curated/en/2012/03/15967918/structural-challenges-soes-belarus-case-study-machine-building-sector http://hdl.handle.net/10986/19871 English en_US Policy Research Working Paper;No. 6010 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Europe and Central Asia Belarus |