In der ökonomischen Analyse von Transformationsprozessen steht traditionell die Steigerung der Effizienz durch Privatisierung und Wettbewerb im Vordergrund der Betrachtung. Die Erfahrungen aus dem Übergang von Plan- zu Marktwirtschaften in den mittel- und osteuropäischen Reformländern...

Der Übergang der früheren Staatshandelsländer Mittel- und Osteuropas hat sich in den letzten zehn Jahren keineswegs so kontinuierlich und bruchlos vollzogen, wie dies westliche Ökonomen erwartet oder zumindest erhofft hatten. Stattdessen kam es in den verschiedensten Bereichen - sowohl...

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...

The transition from plan to market has hinged on the development of a dynamic private sector that would serve as the engine of growth and employment creation. This paper examines the link between the availability of skilled workers and the creation of new private firms. Using a dynamic search...

Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange...

We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced...