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Economic disruption in East Germany at the time of unification resulted in a noticeable drop in life satisfaction. By the late 1990s East Germany's life satisfaction had recovered to about its 1990 level, and its shortfall relative to West Germany was slightly less than that before unification....
Persistent link: https://www.econbiz.de/10011600741
Persistent link: https://www.econbiz.de/10009726541
Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote...
Persistent link: https://www.econbiz.de/10009618582
Persistent link: https://www.econbiz.de/10009756778
The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...
Persistent link: https://www.econbiz.de/10012009568
This paper investigates the main determinants of income inequality in transition countries during the period 1990 … inequality: the potential endogeneity of income growth, which is largely ignored by most empirical studies. We adopt a two … relationship between income inequality and the level of economic development. We also find that the redistributive impact of fiscal …
Persistent link: https://www.econbiz.de/10012177606
This paper examines the link between inequality and individual well-being using household survey data from 27 … Transition Economies, where income inequality increased considerably since 1989. A test of inequality aversion in individual … preferences that draws on the Fehr and Schmidt (QJE, 1999) specification of inequality aversion is proposed, and the difficulties …
Persistent link: https://www.econbiz.de/10009370128
Economic disruption in East Germany at the time of unification resulted in a noticeable drop in life satisfaction. By the late 1990s East Germany's life satisfaction had recovered to about its 1990 level, and its shortfall relative to West Germany was slightly less than that before unification....
Persistent link: https://www.econbiz.de/10005069133
This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001. Unlike most previous studies using cross-country regressions, the paper finds a positive and statistically significant relationship between fiscal adjustment...
Persistent link: https://www.econbiz.de/10014400282
This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and private job creation takes time. Two main conclusions arises. First, higher...
Persistent link: https://www.econbiz.de/10014400421