This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how income distribution and the NAIRU are influenced by capital formation, technical progress, and labor force expansion, and how these factors’ impact depends on the elasticity of...

This essay analyzes the continuing integration of several transition economies of Europe, the former Soviet Union (FSU) and Asia into the world trading and financial system in the period 1990-95. Suitable norms are developed in the essay for comparing and ranking the integration record of the...