Transition from a centrally planned economy to a market economy is a complex process which involves, in the first place, the economic institutions. Therefore the core of the transformation is institutional change. During transition in the countries of Central and East Europe the institutions...

An attempt has been made to determine the variables that have a significant bearing on the economic and political institutional quality, taking a sample of member countries of IMF, especially focusing on the programme countries and prolonged users, during 1980-2012. Main results point towards a...

The “Economics of Contracts” has altered the economic analysis of the employment relationship by tackling it through sets of problems centred on “hierarchy” and “power”. However, such a presentation eludes the content of non-economic works such as Max Weber’s classical ones on the...

Product markets are the foundation on which industrial relations institutions are built. Trade union strength is partly dependent upon the state of the labour market, but it is imperfections in the product market that are the precondition of their winning benefits for their members. Sectoral...

An idea of labour market deregulation refers to a number and a degree of restrictions of formal regulations of labour relations. A proposition can be put forward that labour market deregulation can be successful, if it is accompanied with adequate informal institutions. This article presents...

An idea of labour market deregulation refers to a number and a degree of restrictions of formal regulations of labour relations. A proposition can be put forward that labour market deregulation can be successful, if it is accompanied with adequate informal institutions. This article presents...

Exact diagnostics of inflation reasons is the necessary condition of correct stabilization policy oriented to social progress. The dominant type of inflation in Ukraine is cost-push inflation. The purpose of the article is to analyse inflation in Ukraine as a process of income redistribution...

China’s transition to a market economy has been a process of basic institutional changes and institution building. The institutional change from a socialist labour regime (SLR) as one of the backbones upholding the traditional leninist system to a new ‘socialist’ market labour regime...

The paper describes the path of structural and institutional changes in the labour market during transition to the market economy in Poland. The role of previously strong protection of employees and of Solidarnosc in the lagging and inconsistent changes in the rules governing the labour market...

This paper aims at analysing the main aspects related to the labour market. It starts by several theoretical aspects in relation with the human capital and labour market, and continues by the investigation of labour productiveness and of unemployment rate, revealing at the same time the...