The author analyzes the causes of the collapse of profitability in 1991 of the Polish enterprise sector. He explores how it affected the government budget and assesses the forecasts of enterprise sector performance used to prepare the government's 1990 and 1991 budgets. About half of the drop in profitability he attributes to the decrease in the inflation rate and the consequent decrease in the inflation bias in profits that results from historical...
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DETAILS
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1993/09/30
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Policy Research Working Paper
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WPS1195
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1
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1
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2010/07/01
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The enterprise sector and emergence of the Polish fiscal crisis, 1990-91
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enterprise sector
Citation
Schaffer,Mark E..
The enterprise sector and emergence of the Polish fiscal crisis, 1990-91 (English). Policy, Research working papers ; no. WPS 1195. Transition and macro-adjustment Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/236811468759886288