In this paper we study theoretically how the expansion of higher education could be associated with several factors indicating a decline in the quality of degrees. We assume that the expansion of tertiary education happens through three channels and show how they are likely to reduce average...

This paper uses results of a questionnaire survey to look at how central bankers in the Czech Republic, Hungary, Poland and Slovakia view various criteria of central bank independence and compares their responses with central bankers in industrial countries. Central bankers from both groups...

In this paper we construct a theory about how the expansion of higher education could be associated with several factors that indicate a decrease in the quality of degrees. We assume that the expansion of tertiary education takes place through three channels, and show how they are likely to...

With the growth of the Internet, online job portals have become an important medium for job matching. This paper focuses on methodological issues arising from the usage of online job vacancy data and voluntary web-based surveys to analyse the labour market. In addition to providing a...

The antivirus industry is the only innovation-intensive sector in which home-grown companies from Central Europe have been able to gain and retain global leadership. We review the literature on sources of national competitive advantage and evaluate the relative importance of different factors,...

With the growth of the Internet, online job portals have become an important medium for job matching. This paper focuses on methodological issues arising from the usage of online job vacancy data and voluntary web-based surveys to analyse the labour market. In addition to providing a...

The goal of this paper is to provide tools to understand and analyse waves of “agencification” in transition countries of Central and Eastern Europe. Agencification is a shorthand for the process of delegation and devolution, in which more autonomy, particularly in personnel and financial...

This paper presents an overall picture of the Slovakia’s transition to a market economy during 1990s and 2000s and of the World Bank role in that transition. The chapter is divided into three sections. The first one presents the Slovak developments from a historical perspective, starting in...

In many European and other Western countries, labour markets will continue to be reformed in order to accommodate further adjustments to economic, demographic and socio-ecological developments. Moreover, labour market institutions and other aspects of labour markets receive a lot of attention in...

We reassess the results from the literature on the relationship between the youth unemployment rate and GDP growth (Okun’s law), based on the concern that the unemployment rate is not an ideal indicator for teenagers and young adults. Using the unemployment ratio instead, we find that youth...