This paper uses the flow approach to investigate the way in which the transition of the Czech and Slovak economies influences the regional labour markets in the two countries. From estimates of matching functions we conclude that in most regions the labour markets are still in transition. We...

This paper studies private sector development in transition economies. To address this issue, many economist have focused on the issue of privatization, assuming that privatization is a proxy for private sector development. But as the experience of countries such as Poland has revealed,...

A survey of the current situation in the financial system of the Czech Republic is given on a relevant historical background. Special attention is drawn to the transformation of the banking sector during the economic reforms of 1990-1996. The situation on the capital market is discussed in...

The "special relations" between banks and non-financial companies, that take form analogous to the industrial groups in the Western economies, are becoming an important feature of the economies. The commercial banks in the Central and Eastern European countries play an important role, often...

This paper deals with one important problem that all transition economies, Albania included, are facing in the way of transforming their economies towards market oriented one, i.e. unemployment and regional differences in it. As elsewhere in transition countries, in Albania unemployment displays...

Different speed and aftermath of the transition of twenty post-communist Central and Eastern European countries to free-market economy has posed a question about political and economical reasons led only some countries being successful in their transformation. The attempt was done in this paper...

SR-1Q, the small aggregate econometric model for the Slovak economy presented in the paper, is based on quarterly time series covering the period 1st quarter 1993 - 4th quarter 1996. SR-1Q is demand determined and presents a simultaneous system of 60 dynamic regression equations and identities...

The paper develops a simple theoretical framework in which the efficiency of industrial restructuring due to privatization process can be analysed. The dynamic model is based on the approach recently proposed by B. Gibson and A. Dutt (1993). This model is extended through inclusion the...