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| Author: | Jackman, R. |
| Title: | Economic policy and employment in the transition economies of Central and Eastern Europe |
| Journal: | International Labour Review
1994 : VOL. 133:3, p. 327-345 |
| Index terms: | ECONOMIC POLICY EUROPE, EAST EMPLOYMENT |
| Language: | eng |
| Abstract: | considering macroeconomic developments and economic and labour market restructuring after several years of transition, the author suggests that supply shocks not deflationary policies or restructuring explain output collapse. Unemployment rose sharply in many countries but private firms draw workers directly from the state sector while long-term unemployment grows. The extent of restructuring should thus be measured not by unemployment levels but by changes in the sectoral composition of output. |
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