The Economics of Post-Communist Transition

Blanchard, Olivier

doi:10.1093/0198293992.001.0001

Cited by 327 publications

(272 citation statements)

References 23 publications

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“…Generally, the transitional reforms initially had negative effects on labour markets, which were manifested in declining participation rates and in persistent high unemployment. The processes of ownership restructuring and sectoral reallocation assumed a large-scale transformation of state owned firms into privatised ones and, a reallocation of a substantial part of the labour force from the manufacturing and agricultural sectors towards the expanding service sector (Blanchard 1997). The experience in almost all transition countries, including Macedonia shows that the creation of new jobs in the emerging private sector was not initially strong enough to absorb the mass of workers laid-off from the restructured state-owned firms.…”

Section: The Unemployed Workers' Perceptions Of Stress and Employmentmentioning

confidence: 99%

The Unemployed Workers’ Perceptions of Stress and Employment Prospects in Macedonia: The Role of Alternative Adjustment Mechanisms

Nikoloski

Pechijareski

2017

South East European Journal of Economics and Business

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Depressed labour market conditions in Macedonia manifested by high and persistent unemployment rate, strong segmentation and prevailing long-term unemployment is considered as a heritage of more than two decades long period of transition. Unemployment has a number of negative consequences such a decreased income which is assumed to influence the subjective experience of unemployment. The negative macroeconomic shocks in Macedonia have been mitigated due to the strengthened role of alternative labour market adjustment mechanisms such as: employment in the informal sector, emigration and inactivity. However, their impact on the unemployed workers’ perceptions of stress and future labour market prospects is less clear-cut. In this paper we use results from a survey carried out on a sample of unemployed workers in Macedonia in order to identify the psychological implications of unemployment by assessing the perceived stress and employment prospects with particular reference to the role of alternative labour market adjustment mechanisms.

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Section: The Unemployed Workers' Perceptions Of Stress and Employmentmentioning

confidence: 99%

The Unemployed Workers’ Perceptions of Stress and Employment Prospects in Macedonia: The Role of Alternative Adjustment Mechanisms

Nikoloski

Pechijareski

2017

South East European Journal of Economics and Business

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“…All these countries belonging to the Balkan Peninsula, share several common characteristics: common geographical region, common state (some of the countries), common socialistic history, accompanied by the absence of market mechanism and its supportive institutions, broadly distorted structure of factors, production and output, obsolete physical capital, outdated organisational structures, business and management skills, and questionable professional work methods and ethics (Svejnar, 2002, Kornai, 2006, Balcerowicz, 2001). On these grounds, they were challenged to build a modern market economy together with parliamentary democracy, while opening their borders for cooperation with the rest of the world (Blanchard, 1997).…”

Section: Stylised Facts Of the Economic Growth Patterns In Balkan Coumentioning

confidence: 99%

Testing Instability in Growth Patterns in the Course of Transition: Evidence for Balkan Countries

Trajkova-Najdovska

Radukić

2017

Economic Themes

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Stylised facts of GDP growth patterns of developing (or transition) countries reveal huge difference to the GDP pattern observed in developed countries. Namely, they are characterised by a specific characteristic -instability, much higher and different from the ones observed in developed countries. This paper brings forward the assessment of the instability of growth, which is observed and tested in the case of several Balkan economies. In the course of transition, they experienced sudden turns from positive to negative average growth rates (or vice versa) caused by many structural, economic, political and social changes. Hence, the main purpose of the paper is to review the very recent literature on instability in growth and to empirically analyse it in the case of Balkan group of transition economies, performed by use of the simple linear regression analysis on the GDP growth data series. Main goal is to determine whether GDP growth patterns in the course of transition were characterised by instability and breaks. The results suggest that the growth process in Balkan economies cannot be described simply by a single rising trend, since the simple linear regression analysis shows very poor statistical fit. In general, the assessment guides towards an in-depth study of the instability of growth in the course of transition with a novel growth concept that will allow for shifts or breaks in trend, accompanied by a non-linear modelling approach that will allow the parameters to adjust to reflect structural changes in the course of transition.

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“…FDI as a source of foreign technology and productivity growth has been particularly important for firms in transition economies because of the urgent need to restructure quickly. Foreign ownership often provides local firms with efficient corporate governance, as they -mainly privatized to insiders -do not have incentives and resources to restructure (Blanchard 1997). FDI may also be the cheapest means of technology transfer, as the recipient firm normally does not have to finance the acquisition of new technology.…”

Section: Direct Fdi Effects (Foreign Vs Domestic Ownership)mentioning

confidence: 99%

Do External Knowledge Spillovers Induce Firms’ Innovations? Evidence from Slovenia

Damijan¹,

Jaklič²,

Rojec³

2006

Multinationals, Clusters and Innovation

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. estimates the impact of firms' internal R&D capital and external R&D spillovers on firms' innovation activity within an integrated dynamic model. In the second step, we then estimate the impact of firms' innovations on firms' productivity growth. Using the firm level data on innovation activity combined with firms' financial data for a large sample of Slovenian firms in the period 1996-2002, the paper produces three main findings. First, firm's own R&D expenditures as well as external knowledge spillovers, such as national and international public R&D subsidies, foreign ownership and intra-sector innovation spillovers do enhance firm's ability to innovate. Terms of use: Documents inSecond, innovations as a result of firm's R&D do contribute substantially to firm's total factor productivity growth. And third, foreign ownership has a double impact on firm's TFP growth -it first enhances firm's ability to innovate and then it additionally contributes to firm's TFP growth via superior organization techniques and other channels of knowledge diffusion.

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The Economics of Post-Communist Transition

Cited by 327 publications

References 23 publications

The Unemployed Workers’ Perceptions of Stress and Employment Prospects in Macedonia: The Role of Alternative Adjustment Mechanisms

The Unemployed Workers’ Perceptions of Stress and Employment Prospects in Macedonia: The Role of Alternative Adjustment Mechanisms

Testing Instability in Growth Patterns in the Course of Transition: Evidence for Balkan Countries

Do External Knowledge Spillovers Induce Firms’ Innovations? Evidence from Slovenia

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