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Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...
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Using panel district level data from the Czech and Slovak Republic in the 1990s, we find that the exceptionally low unemployment rate in the Czech Republic as compared to Slovakia and the other CEE economies has been brought about principally by the following phenomena in the Czech Republic: (1)...
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Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...
Persistent link: https://www.econbiz.de/10002548972
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