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This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global...
Persistent link: https://www.econbiz.de/10011245618
Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and...
Persistent link: https://www.econbiz.de/10005825652
Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within … particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment … provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on …
Persistent link: https://www.econbiz.de/10005826565
Using a production function method, this paper assesses the impact of the global crisis on the potential growth of Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external liabilities. The paper finds that the main negative impact of...
Persistent link: https://www.econbiz.de/10008542982
This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When … growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is …
Persistent link: https://www.econbiz.de/10005599418
size to set up a quasi-experiment and data from the French labor force survey, we show that the law constrained the choice …
Persistent link: https://www.econbiz.de/10005599717
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China … rapid technological progress. At the same time, the share of labor in national income decreased in most advanced countries …. This paper uses a labor share equation derived from a translog revenue function to estimate the contributions of …
Persistent link: https://www.econbiz.de/10005768889
. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …This Selected Issues paper examines conditions in Colombian labor markets, which present a big challenge to the country … underemployed. The paper reviews labor market developments leading up to the reforms. It examines structural issues in the labor …
Persistent link: https://www.econbiz.de/10005824954
evidence suggests that the negative impact of high labor adjustment costs on productivity is more intense for small- and medium …
Persistent link: https://www.econbiz.de/10005825549
labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …
Persistent link: https://www.econbiz.de/10005825613