haku: @author Coricelli, F. / yhteensä: 2
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| Tekijä: | Chadha, B. Coricelli, F. Krajnyak, K. |
| Otsikko: | Economic restructuring, unemployment, and growth in a transition economy |
| Lehti: | Staff Papers
1993 : DEC, VOL. 40:4, p. 744-780 |
| Asiasana: | UNEMPLOYMENT GROWTH ECONOMIC CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a model of the process of reallocation of labor from the state sector to the public sector. When growth is exogenously determined, the authors show that in the initial stages of transition unemployment will rise. After a critical stage in the transition process, restructuring is accompanied by a decline in employment. When growth is endogenously determined, and human capital is acquired by learning-by-doing, the authors show that whether or not restructuring eventually occurs is determined by the level of human capital in the private sector and the rate of unemployment. |
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