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the rate of technical change for Poland, Czechoslovakia, Hungary, Bulgaria and Rumania. Although the pooling eliminated … Czechoslovakia, Bulgaria and Rumania and somewhat lower, but still respectable (3 - 5 per cent) in the case of Poland and Hungary. It … of total factor productivity over time we found that Czechoslovakia, Poland and Bulgaria experienced a quite considerably …
Persistent link: https://www.econbiz.de/10005125000
A methodology to calibrate multifactor interest rate model for transition countries is proposed. The usual methodology of calibration with implied volatility cannot be used as there are no markets for regularly traded derivatives. The existence of such a markets is essential for this...
Persistent link: https://www.econbiz.de/10005413130
Monthly panel (1998-2003) data from regional labor offices in Latvia are used to analyze the matching process in a high unemployment – low labor demand environment and to evaluate the impact of active labor market policy programs on outflows from unemployment. Results suggest that the hiring...
Persistent link: https://www.econbiz.de/10005556810
This paper analyses the determinants of happiness in seven Eastern European transition countries during the early phase of economic transition. The analysis of representative survey data in an ordered logit model shows that those core socio-demographic and economic variables known to be relevant...
Persistent link: https://www.econbiz.de/10005560958
The recent reform of the federal welfare system is meant to encourage recipients to leave welfare and enter the workforce. If the reform is successful there are likely to be effects felt throughout the low-- skilled end of the labor market. As former welfare recipients enter the labor market,...
Persistent link: https://www.econbiz.de/10005125827
This paper investigates the impact of financial incentive programs, which have become an increasingly common component of welfare programs. We review experimental evidence from several such programs. Financial incentive programs appear to increase work and raise income (lower poverty), but cost...
Persistent link: https://www.econbiz.de/10005134597
This paper describes an attempt to measure resources used to produce Individual Development Accounts in a program run by the Community Action Project of Tulsa County. The experimental design of the program-- participants were selected from applicants at random--aims to inform the overall...
Persistent link: https://www.econbiz.de/10005134689
Development depends on saving. But what exactly is saving, and how is it measured? This paper defines saving and describes several measures of financial savings. The measures account for the passage of time and for the three stages of saving: putting in (depositing), keeping in (maintaining a...
Persistent link: https://www.econbiz.de/10005135024
In developing countries, microfinance has been the darling of the development community, and in developed countries, microfinance fits well with Third Ways ideas. What are the challenges and opportunities for the attempt to replicate microfinance in the United States? This paper attempts to...
Persistent link: https://www.econbiz.de/10005407699
Microenterprise programs attempt to help poor people start or strengthen small businesses. Funding and political support has grown rapidly. Is microenterprise a good use of scarce development funds? Unfortunately, most evaluations have been case studies in what not to do. Because benefits and...
Persistent link: https://www.econbiz.de/10005118810