This paper addresses issues related to the process of restructuring of the Bulgarian economy during the transition period. The analysis, based on the use of input-output tables, reveals various aspects of economic activity in their interconnection. As the economy evolves over time the structure...

We extend our 2003 paper on instrumental variables (IV) and GMM estimation and testing and describe enhanced routines that address HAC standard errors, weak instruments, LIML and k-class estimation, tests for endogeneity and RESET and autocorrelation tests for IV estimates.

Politically, the eight Southeast European countries have been less stable than those countries in Central Europe and the Baltics which are on track for EU Accession in 2004. The former countries have achieved generally poorer economic performance since 1990, and their economic reforms have also...

The main challenge facing Chinese economic reform in the coming years is that of how to set up an efficient corporate governance system able to effectively control state-owned enterprises (SOEs) and ,on the one hand, encourage restructuring, while at the same time trying to ensure that the...

The Scottish extension-sample of the British Household Panel Study (BHPS) is used to shed light on differences in job mobility patterns in England and Scotland for both men and women. Based on probit estimates of the overall mobility rate, a decomposition is applied to distinguish between...

This paper discusses the negative effect of income and value-added taxation on the Ukrainian economy during the transitional period. The ultimate purpose of this paper is to ascertain links between fiscal policy and economic transformation, to define objectives for tax reforms, which took place...

This paper presents a managerial utility maximisation framework to investigate the impact of budget constraints on enterprise restructuring in transitional economies. Assuming that managerial effort is allocated between restructuring and subsidy seeking, and using non-linear programming...

We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to workers' fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight negative effect in Russia, and they provide some...

Output decline has been a feature of the transition economies in the initial post-communist period, including in those countries that belonged to the former Soviet Union. However, explanations for the decline and its persistence have not been easy to find, and mostly they have focussed upon...

Studies of public-private and foreign-domestic wage differentials face difficulties distinguishing ownership effects from correlated characteristics of workers and firms. This paper estimates these ownership differentials using linked employer-employee data (LEED) from Hungary containing 1.35mln...