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Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its...
Persistent link: https://www.econbiz.de/10014396587
This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but...
Persistent link: https://www.econbiz.de/10014402071
Macroeconomic stabilization and structural reforms in Russia since 1992 have been proceeding in a rather chaotic fashion. The Russian variety of economic gradualism has seen a sharp decline in output, though less than indicated by official statistics, and relatively resilient household...
Persistent link: https://www.econbiz.de/10014398746
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
countries—namely Algeria, Egypt, and Poland—have tackled reforms in these areas …
Persistent link: https://www.econbiz.de/10014399610
This paper documents that inequality in labor earnings increased substantially during the economic transition in Poland … that even state-owned enterprises in Poland moved toward competitive wage setting during the transition. Education premia …-group inequality in Poland were very different across skill groups, with much larger increases for highly educated workers …
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