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Russian population about the transition process and the role of the state compared to that of free markets. We find that about … one half of Russian population is disappointed with transition and a large majority is in favor of high state regulation …
Persistent link: https://www.econbiz.de/10008506841
This paper considers a simple model of economic transition to analyse the dynamics of preferences over economic policy … the early stages of the transition, the private sector expands at a rate that is lower than the rate at which the state … subsidy to the state sector, which has the effect of slowing down the transition. The analysis focuses on the dynamic …
Persistent link: https://www.econbiz.de/10005123914
East Germany remains unique among the transition economies. Soon after the fall of the Berlin Wall in 1989, it became … well as local capacities. Third, the Kohl government's policy towards East German transition, driven by short …
Persistent link: https://www.econbiz.de/10005124285
China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … developing and transition economy that has great growth potential, it is not enough to study the conventional ‘best … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …
Persistent link: https://www.econbiz.de/10005136741
In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand...
Persistent link: https://www.econbiz.de/10005067517
property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of … privatization, but does affect how economic hardships during transition shape these attitudes. …
Persistent link: https://www.econbiz.de/10005497879
labour market frictions on the process of transition. We endogenize the economic and budgetary costs of different government … policies and show that, early in transition, governments ought to subsidize state firms. Provided that inter … transition, and increases welfare. Moreover, by resorting to indirect — instead of direct — taxes, governments can bring the path …
Persistent link: https://www.econbiz.de/10005504399
This essay surveys macroeconomic issues that marked the transition from centrally planned to market economy in Central … and Eastern European and former Soviet Union countries. We first establish a set of stylized facts of the transition so …) institutions collapsed, and (7) the transition costs. We then critically survey the theoretical literature on transition …
Persistent link: https://www.econbiz.de/10005114235
micro data on men to estimate returns to human capital under the communist wage grid and during the transition to a market … economy. We use data from the Czech Republic because it is a leading transition economy in which the communist grid remained … firms during the transition. Our estimates also indicate that men's wage-experience profile was concave in both regimes and …
Persistent link: https://www.econbiz.de/10005666520
communism (1989), in mid-transition (1996) and in late/post-transition (2002). We show: dramatic increases in returns to … returns to education obtained during communism vs. transition; no change in wage-experience profiles over time; and similar … the planners did; all the adjustment occurred in early transition and was driven by market forces rather than private …
Persistent link: https://www.econbiz.de/10005666862