Recent theoretical developments in growth theory have highlighted the importance of institutional factors in the process of technological change and productivity growth. Recent contributions in the field have, for example, emphasized the role of market competition, financial development, regulatory systems and the organization of firms and political institutions, in fostering sustainable long-run growth. At the same time, new growth theories are providing new insights into the reciprocal relationship between technological innovation and institutional and organizational change.
The proposed Euroconferences on 'Enterprise Reform and the Institutional Environment in Transition Economies' will attempt to confront the new theories of growth and organization with the evidence generated over the past ten years of economic transition in Central and Eastern Europe and the CS. The proposal calls for three conferences on the following topics:
- Competition, Ownership, and Enterprise Performance.
- Private Sector Development, Market Selection, and the Credit System.
- The Effects of Privatisations on State Interference and the Political Economy of Reforms.
The above three conferences will focus on the three key aspects of the interaction between Innovation and Enterprise Reforms, and the Institutional and Political Environment.
The emerging theoretical literature in this field can be productively combined with newly available data sets, such as the new 'Business Environment and Enterprise Performance Survey' recently undertaken by the EBRD and the World Bank. The proposed conferences will thus allow a deeper analysis of the two-way relationship between enterprise reform/private sector growth and the evolution of economic and political factors.