By Enrico Marelli, Marcello Signorelli
This e-book examines, theoretically and empirically, the major elements and changes of financial progress in addition to the most structural good points of improvement in transition nations, from the 1989 fall of the Berlin wall to the 2008-09 worldwide monetary main issue and recession. issues comprise institutional swap and governance, human capital and social capital, types of development and employment – productiveness courting, sectoral/regional constitution and alternate integration, source of revenue distribution/inequality and plenty of positive factors of labour markets functionality. lots of the chapters seek advice from the eu transition nations; in certain cases a comparative point of view - japanese as opposed to Western european international locations – is followed. This ebook comes in handy interpreting for researchers, students and scholars within the fields of economics of transition, financial progress, improvement economics, ecu fiscal integration, local economics and labour economics.
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Extra info for Economic Growth and Structural Features of Transition (Studies in Economic Transition)
Real convergence; high vulnerability to ‘global’ shocks: consequences of the world economic crisis (GDP and trade decline in 2009) . 3. Features and effects of institutional change As noted in the previous section, the core of the transformation was institutional change, which profoundly affected economic, social and political life in the CEECs. 4 First, it should be noted that the ‘transformational recession and unemployment’5 which occurred during the first years of transition were largely unexpected by many economists.
1 −1. 7 −1. 8 −3. 9 −3. 4 −1. 5 −2. 2 −3. 0 −4. 0 −3. 2 −0. 9 −5. 5 −1. 9∗∗ −6. 6 −3. 4 −4. 3 −4. 7 −3. 0 −11. 1 −5. 4 −5. 5 −5. 1 −0. 5 −5. 3∗∗ −7. 3 −3. 9 −4. 9 −5. 4 −3. 9 −13. 6 −8. 0 −6. 5 −5. 6 −0. 3 −6. 5∗∗ PL HU CZ SK EE LV LT SI RO BG EU-15 −2. 4 Source: Eurostat online database. Note: ∗ EU Commission forecasts as of Spring 2009; ∗∗ Euro-16 area. Legend: Annual average per cent values of Deficit/GDP and Debt/GDP ratios. 3∗∗ Source: Eurostat online database. Note: ∗ EU Commission forecasts as of Spring 2009; ∗∗ Euro-16 area.
More specific works include the following: Boeri and Terrell (2002), Brown and Earle (2004), Gabrisch and Holscher (2006), Popov (2007), Svejnar (2002). 11. For an overview of key issues on the knowledge-based economy in Central and Eastern Europe, see Radosevic (2006). For more complete references on this point, see Chapter 4. 12. This is the outcome of the empirical research presented in Chapter 3; in particular, education seems to act jointly with institutional trust and political activity. 13.
Economic Growth and Structural Features of Transition (Studies in Economic Transition) by Enrico Marelli, Marcello Signorelli