On the speed of transition in Central Europe:
Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow dow...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1994
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| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
4736 |
| Subjects: | |
| Summary: | Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow down? Will unemployment keep increasing? Can things go wrong and how? Our paper represents a first pass at answering those questions. The basic structure of the model we develop is standard, that of the transition from a low to a high productivity sector. But we pay attention to two aspects which strike us as important. The first is the interactions between unemployment and the decisions of both state and private firms. The second are the idiosyncracies which come from the central planning legacy, from the structure of control within state firms to the lack of many market institutions, which limits private sector growth. We start with a description of transition in Poland so far. We then develop a model and use it to think about the determinants of the speed of transition and the level of unemployment. Finally, we return to the role of policy and the future in Poland, as well as the causes of cross-Central European country variations. |
| Physical Description: | 48 S. graph. Darst. |
Staff View
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 4736 | |
| 520 | |a Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow down? Will unemployment keep increasing? Can things go wrong and how? Our paper represents a first pass at answering those questions. The basic structure of the model we develop is standard, that of the transition from a low to a high productivity sector. But we pay attention to two aspects which strike us as important. The first is the interactions between unemployment and the decisions of both state and private firms. The second are the idiosyncracies which come from the central planning legacy, from the structure of control within state firms to the lack of many market institutions, which limits private sector growth. We start with a description of transition in Poland so far. We then develop a model and use it to think about the determinants of the speed of transition and the level of unemployment. Finally, we return to the role of policy and the future in Poland, as well as the causes of cross-Central European country variations. | ||
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| 650 | 4 | |a Unemployment |z Europe, Central |x Econometric models | |
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| 700 | 1 | |a Blanchard, Olivier |d 1948- |e Verfasser |0 (DE-588)115601929 |4 aut | |
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| geographic | Europe, Central Economic conditions |
| geographic_facet | Europe, Central Economic conditions |
| id | DE-604.BV009785944 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T17:40:50Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006473844 |
| oclc_num | 30521662 |
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| physical | 48 S. graph. Darst. |
| publishDate | 1994 |
| publishDateSearch | 1994 |
| publishDateSort | 1994 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Aghion, Philippe 1956- Verfasser (DE-588)124546706 aut On the speed of transition in Central Europe Philippe Aghion ; Olivier Jean Blanchard Cambridge, Mass. 1994 48 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4736 Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow down? Will unemployment keep increasing? Can things go wrong and how? Our paper represents a first pass at answering those questions. The basic structure of the model we develop is standard, that of the transition from a low to a high productivity sector. But we pay attention to two aspects which strike us as important. The first is the interactions between unemployment and the decisions of both state and private firms. The second are the idiosyncracies which come from the central planning legacy, from the structure of control within state firms to the lack of many market institutions, which limits private sector growth. We start with a description of transition in Poland so far. We then develop a model and use it to think about the determinants of the speed of transition and the level of unemployment. Finally, we return to the role of policy and the future in Poland, as well as the causes of cross-Central European country variations. Economische verandering gtt Wirtschaft Ökonometrisches Modell Privatization Europe, Central Econometric models Unemployment Europe, Central Econometric models Europe, Central Economic conditions Blanchard, Olivier 1948- Verfasser (DE-588)115601929 aut National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4736 (DE-604)BV002801238 4736 |
| spellingShingle | Aghion, Philippe 1956- Blanchard, Olivier 1948- On the speed of transition in Central Europe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Economische verandering gtt Wirtschaft Ökonometrisches Modell Privatization Europe, Central Econometric models Unemployment Europe, Central Econometric models |
| title | On the speed of transition in Central Europe |
| title_auth | On the speed of transition in Central Europe |
| title_exact_search | On the speed of transition in Central Europe |
| title_full | On the speed of transition in Central Europe Philippe Aghion ; Olivier Jean Blanchard |
| title_fullStr | On the speed of transition in Central Europe Philippe Aghion ; Olivier Jean Blanchard |
| title_full_unstemmed | On the speed of transition in Central Europe Philippe Aghion ; Olivier Jean Blanchard |
| title_short | On the speed of transition in Central Europe |
| title_sort | on the speed of transition in central europe |
| topic | Economische verandering gtt Wirtschaft Ökonometrisches Modell Privatization Europe, Central Econometric models Unemployment Europe, Central Econometric models |
| topic_facet | Economische verandering Wirtschaft Ökonometrisches Modell Privatization Europe, Central Econometric models Unemployment Europe, Central Econometric models Europe, Central Economic conditions |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT aghionphilippe onthespeedoftransitionincentraleurope AT blanchardolivier onthespeedoftransitionincentraleurope |