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In the first decade of postcommunist transition, multiple growth regressions showed that the more radical and …
Persistent link: https://www.econbiz.de/10005627724
The goal of this research paper is to empirically assess the potential effects of macroeconomic determinants of economic growth and to determine the impact of income inequality on economic growth in the long-run in ten former socialist countries from Central and Eastern Europe (CEE) which are...
Persistent link: https://www.econbiz.de/10011841826
of transition, many significant policy developments have already taken place over the past six years, developments of … interest to policymakers and economists alike. Conditions in these Countries in Transition (CITs) have presented a formidable …. Now, as CITs enter the seventh year of transition, perhaps lessons can be drawn from their experience which may be of …
Persistent link: https://www.econbiz.de/10014074420
Persistent link: https://www.econbiz.de/10010741334
; increasing wages above those guaranteed by productivity increases; an increasing budget deficit which was used primarily for …
Persistent link: https://www.econbiz.de/10011725313
Wage and price formation are analysed in a general equilibrium model combining wage bargaining, monopolistic competition, stochastic demand, and technological constraints. The alternative implications of "efficient" and "right-to-manage" models of bargaining are studied. The price-cost margin is...
Persistent link: https://www.econbiz.de/10004985168
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 worker-year observations for 21,238 firms from 1986 to 2003. We …
Persistent link: https://www.econbiz.de/10005141966
This paper analysis the intertemporal public finance decision under political instability. The government’s choice between inflationary finance and foreign debt is constrained by an interest rate, which is affected both by market conditions and debt conditionality. The main result is that...
Persistent link: https://www.econbiz.de/10010293797
This paper studies a policymaker’s optimal choice between redistribution and efficient public investment. Under political instability, there is myopic government behavior which results in underinvestment. Above some critical value of political instability, it is optimal not to invest at all....
Persistent link: https://www.econbiz.de/10010293837
This paper addresses the puzzle that public services in some developing countries, especially in Africa, are poor despite large public expenditure. The intertemporal model here studies a government’s optimal choice between redistribution and public investment. Ethnic diversity and political...
Persistent link: https://www.econbiz.de/10010293865