We extend the benchmark model of Aghion and Blanchard (1994) assuming two segments of the emerging private sector that differ in workers’ productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after the transition, up until the shock is fully...

The paper deals with the story of the cumulative risks of a successful research concluded in China in which I both participated and was its leader. The topic of the research was the impact of the global crisis on government, enterprises and migrant behavior. The fieldwork included in the two...

We extend the benchmark model of Aghion and Blanchard (1994) assuming two segments of the emerging private sector that differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after the transition, up until the shock is fully absorbed....

The paper deals with the story of the cumulative risks of a successful research concluded in China in which I both participated and was its leader. The topic of the research was the impact of the global crisis on government, enterprises and migrant behavior. The fieldwork included in the two...