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aggregate productivity growth during the socialist and reform periods in six transition economies. Modifying a standard … decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are … very low under socialism. After reforms, they rise dramatically, and productivity contributions greatly exceed those …
Persistent link: https://www.econbiz.de/10005822646
total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …
Persistent link: https://www.econbiz.de/10010541274
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10008514853
productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 … log points for the level, and 9 to 16 for productivity growth. The strongest estimated impacts arise from sales to foreign …
Persistent link: https://www.econbiz.de/10005566810
How do economic policies and institutions affect job reallocation processes and their consequences for productivity … little relationship to relative productivity across firms and sectors. Since liberalization began, the pace, heterogeneity …, and productivity effects of job flows have increased substantially. The increases occurred more quickly in rapidly …
Persistent link: https://www.econbiz.de/10005763506
productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector …, but increased slightly during the transition, while job destruction rose markedly. Heterogeneity in firm employment change … also increased significantly. Intra- and inter-sectoral job reallocation had no effect on aggregate labor productivity …
Persistent link: https://www.econbiz.de/10005700988
,000 manufacturing enterprises, we find that the productivity of firms in the regions most supportive of Viktor Yushchenko increased by … context of weak institutions can have substantial distributional effects that are reflected in economic productivity. …
Persistent link: https://www.econbiz.de/10010959672
intensity, and labor productivity, but only weakly to job and worker turnover. Little evidence is found that firms’ employment … adjustments have become more sensitive to adjustment costs during the transition, but worker and manager ownership are associated …
Persistent link: https://www.econbiz.de/10005703495
are used to analyze a 1993 survey of 27,000 adults in six transition economies. Estimated self-employment earnings premia … related to schooling, pre-transition family income, receipt of property in restitution, pre-communist family business …
Persistent link: https://www.econbiz.de/10005703823
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10005822557