Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...

Since the late 1980s, agriculture in Central and Eastern European Countries (CEECs) has been under considerable adjustment pressure due to changing political, economic and institutional environments. These changes have been linked to the transition process, as well as the ongoing integration...

The work focuses on the frequency of each possible transition between labor market participation regimes of rural Chinese households. A continuous hazard approach is applied to empirically evaluate factors, as household, farm, and regional characteristics affecting the frequency of transition...

The goal of this study is to assess the dynamics of rural households' labor market participation in the wake of China's efforts to develop rural labor markets in a manner that is conducive to its transition to a market economy. Based on a theoretical model that emphasizes the impact of duration,...

This work is devoted to the analysis of the different labor market participation regimes of Chinese farm households over the reform process in the 1980s and 1990s. Using household data over the period 1986-2002 from the province Zhejiang, we apply a multinomial logit model to empirically examine...