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The paper addresses and summarizes the role of unemployment in the transformation process from an economic system with … explanations why unemployment is high during transition in countries of Central and Eastern Europe the role of unemployment and the … fiscal problems due to unemployment is discussed within a model of economies of transition. The model highlights the …
Persistent link: https://www.econbiz.de/10010301337
The approach put forward in this article is based on Schumpeter`s idea of creative destruction, the competitive process by which entrepreneurs are always looking for new ideas that will render their rivals` ideas obsolete. I present a model in which the rate of economic growth is sensitive to...
Persistent link: https://www.econbiz.de/10010301336