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"The paper tests three hypotheses about the causes of unemployment in the Central-East European transition economies … and in a benchmark market economy (Western part of Germany). The first hypothesis (H1) is that unemployment is caused by … inefficient matching. Hypothesis 2 (H2) is that unemployment is caused by low demand. Hypothesis 3 (H3) is that restructuring is …
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The overall impact of financial globalization on the domestic financial sector is profound. Liberalization of capital flows has effectively made domestic financial repression obsolete. The consequences have not been uniformly favorable. Following liberalization, domestic interest rates in...
Persistent link: https://www.econbiz.de/10012563564
has the weakest employment track record in Europe: the unemployment rate has reached 48 percent and the employment rate is …,760, the country remains one of the poorest in Europe. The end of the conflict, output was growing at double-digit rates … other countries in Southeast Europe have been growing faster, so the income gap has widened. Kosovo's economy would need to …
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This report undertakes a comprehensive assessment of Ukraine's growth experience over the past decade. It shows how vulnerabilities were allowed to accumulate during the economic boom. And how growth, averaging seven percent annually between 2000 and 2008, was achieved without tackling Ukraine's...
Persistent link: https://www.econbiz.de/10012550688
International experience suggests that the effect of globalization on economic growth, poverty and income distribution can vary significantly among countries, and that its impact depends crucially on national policies. This report assesses the possible patterns of inequality in China in the...
Persistent link: https://www.econbiz.de/10012559090
This Country Economic Memorandum (CEM) - the first since 1995 - is a contribution to the government's economic recovery strategy, and to its Poverty Reduction Strategy Paper (PRSP), being finalized. It examines Kenya's economic performance during the past decade, and identifies the structural...
Persistent link: https://www.econbiz.de/10012559118