With the collapse of the socialist system in Eastern Europe and the advancement of the European Union integration process of the formerly communist countries, many of which are increasingly likely to join the single European market in the foreseeable future, the informal sector in transitional...

Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a...

Motivated by the importance of the “displaced worker” phenomenon in both the East and the West, in this paper the authors analyze a model of job search behavior where the unemployed worker has imperfect knowledge of the wage offer distribution. This paper attempts within the limits imposed...

The paper investigates labor reallocation across main economic sectors between 1989 and 2007 in the CEE2 countries, now all members of the EU, using a methodology presented in Jackman and Puna (1997). Defining a series of indices aimed at capturing the speed, magnitude and efficiency of...

The paper investigates the taxonomy of the households participating in informal activities in Romania using econometric and clusters analysis. The models employed consider that the economy consists of three sectors: formal, informal and public. Only economic agents and workers in the formal...

The process of European Union enlargement brings both economic benefits and costs to Eastern European candidate countries. While the latter are in general more visible directly and frequently occur in the short run, the former are more difficult to quantify and not that obvious for the taxpayer...

Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of the OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a...