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between recruitment and training of elites and economic development. We show that there was a key shift at the turn of the … meritocracy became the basis for recruitment of elites. Although meritocratic selection should result in the best being chosen, we … show that meritocratic recruitment leads to class stratification and auto-recruitment. We analyze whether stratification …
Persistent link: https://www.econbiz.de/10013204728
elites is that meritocracy became the basis for their recruitment. Although meritocratic selection should result in the best … being chosen, we show that meritocratic recruitment actually leads to class stratification and autorecruitment. We analyze … the consequences of stratification resulting from meritocratic selection for the development of a country, and show that …
Persistent link: https://www.econbiz.de/10010261105
The economic returns to education in transition countries have been extensively evaluated in the literature. The … present study contributes to this literature by estimating the returns to education in Georgia during the last transition … period 2000–04. We find very low returns to education in Georgia and little evidence of an increasing trend in the returns …
Persistent link: https://www.econbiz.de/10003996802
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012183996
20 years after unification, the East German twin's economic position is relatively stagnant compared to most of the West German productivity and income variables. The strong initial takeoff until the mid-end 1990s ended at a level of 70% to 80% of the western reference. In this paper, two...
Persistent link: https://www.econbiz.de/10010286020
The paper analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we...
Persistent link: https://www.econbiz.de/10012099900
The article analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we...
Persistent link: https://www.econbiz.de/10012311476
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...
Persistent link: https://www.econbiz.de/10012207720
Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...
Persistent link: https://www.econbiz.de/10011346474
This paper looks at Austria's pattern of development and its lessons for Eastern Europe. Austria's development path is characterized by two features. In the post-war era Austria was among the countries with the fastest convergence rate. At the same time Austria's movement up the technological...
Persistent link: https://www.econbiz.de/10010440984