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The main objective of this article is to analyse the institutional framework of labour market function. Theoretical literature has created a set of institutional aspects such as employment protection legislation, structure of wage bargaining, taxation of labour, active labour market policies,...
Persistent link: https://www.econbiz.de/10008752935
Persistent link: https://www.econbiz.de/10010364225
Persistent link: https://www.econbiz.de/10010373369
This article provides a general account of the Polish transition from socialist central planning to a market economy … and tries to explicate the main causes of the relative success of this transition. The second section offers an overview … section identifies the relative merits of the Polish economic transition. Five facets of success are cited: the ?shock therapy …
Persistent link: https://www.econbiz.de/10008549732
The author highlights the striking difference between the economic transition of the Czech Republic and Hungary. These …
Persistent link: https://www.econbiz.de/10008549820
transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via … developments in real exchange rates. Key issues associated with real exchange rate developments in transition countries are defined … data since the outset of transition, though it has slowed in the past two years. Now it appears that the most economically …
Persistent link: https://www.econbiz.de/10008549861
This paper provides a comprehensive assessment of issues related to the restructuring of large industrial enterprises in Central and Eastern Europe. The experience with industrial restructuring in the region to date suggests that policies aimed at promoting restructuring should focus on: (i)...
Persistent link: https://www.econbiz.de/10008549928
The authors contend that the theory of optimum currency areas (OCA) provides a useful framework for discussions of monetary integration. The authors summarize the historical development of monetary integration and discuss possible future development. Theoretical issues, such as those raised in...
Persistent link: https://www.econbiz.de/10008495720
all of the transition countries. The cost of trans- formation of the Czech banking was extremely high. The text is focused …
Persistent link: https://www.econbiz.de/10005036610
The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one hand, that it is not necessary to do anything, and on the other hand, that a mandatory funded system should be implemented. Both approaches are false, because of creating...
Persistent link: https://www.econbiz.de/10005036644