Economic Restructuring, Unemployment, and Growth in a Transition Economy

Economic Restructuring, Unemployment, and Growth in a Transition Economy
This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a critical stage in the transition process, restructuring is accompanied by a decline in unemployment.... READ MORE...

Publication date: March 1993
ISBN 9781451843323
$15.00

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