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the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but … important in explaining the growth of the transition countries in the years since the end of the Cold War. In the mid 90s a …
Persistent link: https://www.econbiz.de/10012466679
workforce education should promote better management, and ultimately faster economic growth …
Persistent link: https://www.econbiz.de/10012461426
Post-communist countries offer new evidence on the relative importance of courts and relationships in enforcing contracts. Belief in the effectiveness of courts has a significant positive effect on the level of trust shown in new relationships between firms and their customers. Well-functioning...
Persistent link: https://www.econbiz.de/10012470146
policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the … faster is the speed of reforms, the quicker is the recovery and the higher is growth …
Persistent link: https://www.econbiz.de/10012471103
Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households...
Persistent link: https://www.econbiz.de/10012472348
In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...
Persistent link: https://www.econbiz.de/10012470915
Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist … privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …
Persistent link: https://www.econbiz.de/10012475303
We study how transition has affected human resource policies of a Russian heavy industry firm. Our data set contains personnel files of 1538 white-collar workers over 17 years: from 1984 to 2000. We find career paths before the first year of Gaidar's reforms, 1992, when Russian transition to a...
Persistent link: https://www.econbiz.de/10012465657