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The Evolution of Output in Transition Economies : Explaining the Differences
Sahay, Ratna - 1999
What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a...
Persistent link: https://www.econbiz.de/10014400551
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Labor Market Institutions and Unemployment Dynamics in Transition Economies
Garibaldi, Pietro - 1997
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
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Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries
Crivelli, Ernesto - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline …? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal …
Persistent link: https://www.econbiz.de/10014396436
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New Evidenceon Fiscal Adjustment and Growth in Transition Economies
Gupta, Sanjeev - 2006
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
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Skill Acquisition and Firm Creation in Transition Economies
Li, Wenli - 1999
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...
Persistent link: https://www.econbiz.de/10014400529
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Pension Developments and Reforms in Transition Economies
Cottarelli, Carlo - 1998
This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face—including those arising from demographic factors—and discusses why most transition countries...
Persistent link: https://www.econbiz.de/10014400759
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Transition Economies : How Appropriate is the Size and Scope of Government?
International Monetary Fund - 2001
This paper assesses changes in the size and scope of government in 24 transition economies. Whereas these governments have retrenched in terms of public expenditures in relation to GDP, as well as public employment as a share of population, some indicators suggest that size remains high (e.g.,...
Persistent link: https://www.econbiz.de/10014403626
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Social Sector Reform in Transition Countries
Keller, Christian - 2001
During the transition process, many existing social sector institutions and policies were significantly eroded and their underlying character changed. As a result, they often do not redistribute to the poorest, nor generally serve the role of facilitating economic change. Social sector reforms...
Persistent link: https://www.econbiz.de/10014403835
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Explaining the Behavior of Financial Intermediation : Evidence From Transition Economies
Rother, Philipp C. - 1999
This paper investigates the effects of macroeconomic and structural variables on financial intermediation. To this end, it presents a theoretical foundation for two new measures of intermediation, the money multiplier and the ratio of private sector credit to monetary base. Results from panel...
Persistent link: https://www.econbiz.de/10014401208
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What Moves Capital to Transition Economies?
Mora, Nada - 2002
Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment....
Persistent link: https://www.econbiz.de/10014401373