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The informal economy has burgeoned in many transition economies but particularly in those of the Former Soviet Union. While this variation has commonly been related to the prevalent tax regimes and the degree of transparency in the legal and commercial system, the causality is far from obvious...
Persistent link: https://www.econbiz.de/10005677422
The past 15 months have seen the beginning of structural change in Russia but a failure of the economy to stabilize. The balance sheet, conclude the authors suggests that a return to centralized control remain almost impossible, but the dencentralization that has occurred contain many...
Persistent link: https://www.econbiz.de/10005079776
The authors analyze changes in the Russian labor market in 1992. They focus on the path of wages and employment in a context of partial price liberalization and considerable ambiguity about government and central bank policy. Under the former Soviet economy, the firm was the bedrock of the...
Persistent link: https://www.econbiz.de/10005129381
Registered unemployment in Russia is now 2 percent; surveys indicate a true rate of between 5 and 6 percent. Until now, flow in and out of unemployment have been quite large, with duration low. This may be changing as the ease with which workers are matched to jobs declines -- in part because of...
Persistent link: https://www.econbiz.de/10005133890
Persistent link: https://www.econbiz.de/10005203954
The authors surveyed 41 firms in and around Moscow in the last two weeks of November 1992 to get an empirical handle on how firms are responding to the changing economic environment. They found the following conclusions. There were large negative (supply and demand) shocks to output for a...
Persistent link: https://www.econbiz.de/10005116040
Persistent link: https://www.econbiz.de/10007376111
In the present paper we concentrate on the interaction and sharing of the information between the organized markets in the Czech Republic. Moreover, the interesting principal-agent problem between the Prague Stock Exchange (PSE) and RMS (over the counter system) is studied to identify the...
Persistent link: https://www.econbiz.de/10005489861
I develop a theory of radical change using longitudinal cases from central Europe. Radical change is a process by which firms regain competitive advantage after it has been lost. Change depends upon the firm's resources and capabilities; its competition; and its leadership. New core values...
Persistent link: https://www.econbiz.de/10005489865
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