Market economies experience high rates of job creation and job destruction in almost every
time period and sector. Each year, many businesses expand and many others contract. New …

This paper compares the performance of privatized and state firms in the transition
economies of Central Europe, while controlling for various forms of selection bias. It argues …

Transition in Central and Eastern Europe has led to a U-shaped response of output: a sharp
decline in output followed by recovery. Most of the countries of Central Europe seem now …

Over the past three decades, much research has attempted to identify the determinants of
the natural rate of unemployment. The authors reach two main conclusions about this body …

Transition in Central Europe is four years old. State firms that dominated the economy are
struggling with market forces. A new private sector quickly emerged and has taken hold …

BETWEEN 1989 AND 1991 the collapse of the Soviet bloc brought down the established
political system in a number of countries.'With the rapid decline of the communist party's …

Limits to individuals' capacity to absorb information were not usually considered. Herbert
Simon, with his concept of'bounded rationality', remained a great outsider for many years …

As The European Union Opens Negotiations On Membership With Five Of The Ten post-
communist states who have applied, this book looks at some of the challenges presented by …

This paper reports new and unique firm-level survey evidence to investigate the
microeconomic nature of the growth process and structural change in three transition …

PRIVATE OWNERSHIP AND CORPORATE PERFORMANCE: SOME LESSONS FROM
TRANSITION ECONOMIES1 Roman Frydman,2 Cheryl Gray,3 Marek Hessel, Page 1 PRIVATE …