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The relation between mobility and earnings is investigated for the Russian factors estimated for 1998. Mobility does not boost income relative to job stayers. The exception from this Russian labor market rule is formed by the small group of academics and managers. The gender gap of about 30% may...
Persistent link: https://www.econbiz.de/10005764279
Do landlocked countries face special economic development problems? Whereas traditional neoclassical theory is ambiguous, more recent directions in trade theory and the theory of economic growth suggest reasons why landlocked countries might be at a disadvantage. Our empirical evidence confirms...
Persistent link: https://www.econbiz.de/10005572032
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This paper analyzes how governments in transition economies, interested in their budgetary situation privatize large enterprises. While informal discussions favour voucher privatization my formal model of privatization suggests that voucher privatization may be hard to implement: In contrast to...
Persistent link: https://www.econbiz.de/10005764124
In this paper we analyze annual trade data for Austria and Central and Eastern Europe (CEE) on a disaggregate level. Permanent structural changes in East-West trade turn out to be an important feature in the transition process. The considerable contribution of intra-industry trade to overall...
Persistent link: https://www.econbiz.de/10005764132
This paper uses the multiple variance ratio test procedure developed by Chow and Denning (1993) to test for a random walk of stock returns on the Austrian Stock Exchange. I find that with daily data the test rejects the random walk hypothesis at all conventional significance levels for each and...
Persistent link: https://www.econbiz.de/10005764236
This study analyses the effect of trade and migration on wages and labour market mobility. We estimate wage growth equations and a multinomial logit mobility equation on an individual data set for 1991 to 1994. We find substantial differences in the reactions of white and blue-collar workers...
Persistent link: https://www.econbiz.de/10005572013
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