Wage and price control policies in transition economies

Journal of Development Economics

Volumn 70, Issue 1, 2003, Pages 173-200

  Fardmanesh, Mohsen ^a   Tan, Li ^b  

^a TEMPLE UNIVERSITY   (United States)

^b AMERICAN INTERNATIONAL GROUP   (United States)

Author keywords

Liberalization; Price policy; Structural adjustment; Transition economies; Wage policy

Indexed keywords

LIBERALIZATION; PRICING POLICY; STRUCTURAL ADJUSTMENT; TRANSITIONAL ECONOMY; WAGE;

EID: 0037324908     PISSN: 03043878     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3878(02)00082-2     Document Type: Article

References (85)

1. Aghion, P., Blanchard, O., 1998. On privatization methods in Eastern Europe and their implications. Economics of Transition 6, 87-99.
2. Anderson, R., Kegels, C., 1997. Transition Banking: The Financial Development of Central and Eastern Europe. Oxford, UK: Oxford Univ. Press.
3. Aslund, A., 1991. Principles of privatization. In: Csaba L. (Ed.), Systemic Change and Stabilization in Eastern Europe. Dartmouth, Aldershot, NH, pp. 17-31.
4. Barrell, R., Holland, D., 2000. Foreign direct investment and enterprise restructuring in Central Europe. Economics of Transition 8, 477-504.
5. Bennett, J., Estrin, S., Hare, P., 1999. Output and exports in transition economies: a labor management model. Journal of Comparative Economics 27, 295-318.
6. Berndt, E.R., Wood, D.O. 1975. Technology, prices and the derived demand for energy. Review of Economics and Statistics 57, 259-268.
7. Bertocchi, G., Spagat, M., 1997. Structural uncertainty and subsidy removal for economies in transition. European Economic Review 41, 1709-1733.
8. Bilsen, V., Konings, J., 1997. Job creation, job destruction and growth of newly established, privatized and stateownedenterprises in transition economies: survey evidence from Bulgaria, Hungary and Romania, William Davidson Institute Working Papers, no. 106, University of Michigan, Ann Arbor, MI.
9. Blanchard, O. 1997. Economics of Transition in Eastern Europe. Oxford Univ. Press, Oxford, UK.
10. Blanchard, O., Kremer, M., 1997. Disorganization. Quarterly Journal of Economics 112, 1091-1126.
11. Boeri, T. 2000. Structural Change, Reallocation and Income Support. Oxford Univ. Press, Oxford, UK.
12. Boeri, T., Burda, M.C., 1996. Central and Eastern European labor markets: active labor market policies, job matching and the Czech miracle. European Economic Review 40, 805-817.
13. Bossak, J.W. 1991. Adjustment, trade reform and competitiveness - the Polish experience. In: Corbo, V., Coricelli, F., Bossak, J. (Eds.), Reforming Central and Eastern European Economies: Initial Results and Challenge. The World Bank., Washington, DC, pp. 207-215.
14. Bratkowski, A., Grosfeld, I., Rostowski, J., 2000. Investment and finance in de novo private firms: empirical results from the Czech Republic, Hungary and Poland. Economics of Transition 8, 101-116.
15. Broadman, H., Sun, X., 1997. Distribution of foreign direct investment in China, The World Bank Working Papers, no. 1720.
16. Bruno, M., Sachs, J., 1985. Economics of Worldwide Stagflation. Harvard Univ. Press, Cambridge, MA.
17. Burda, M.C., 1993. Unemployment, labor markets and structural change in Eastern Europe. Economic Policy 16, 101-138.
18. Burda, M.C., Profit, S., 1996. Matching across space: evidence on mobility in the Czech Republic. Labor Economics 3, 255-278.
19. Calvo, C.A., Coricelli, F., 1992. Stagflationary effects of stabilization programs in reforming socialist countries: enterprise-side and household-side factors. The World Bank Economic Review 6 (1).
20. Calvo, C.A., Frenkel, J., 1991. From centrally planned to market economy: the road from CPE to PCPE, IMF Staff Papers 32, no. 2.
21. Christoffersen, P., Doyle, P., 2000. From inflation to growth. Economics of Transition 8, 421-451.
22. CIA 1989. Handbook of Economics Statistics. Library of Congress, Washington, DC.
23. CIA 1990. World Factbook. Library of Congress, Washington, DC.
24. Cochrane, J., Ickes, B., 1991. Stopping inflation in reforming socialist economies. American Economic Review 81 (2).
25. Commander, S., 1992. Inflation and the transition to a market economy: an overview. The World Bank Economic Review 6 (1).
26. Commander, S., Coricelli, F., 1992. Price-wage dynamics and inflation in socialist economies: empirical models for Hungary and Poland. The World Bank Economic Review 6 (1).
27. Corbo, V., Coricelli, F., Bossak, J. (Eds.), 1991. Reforming Central and Eastern European Economies: InitialResults and Challenges. The World Bank, Washington, DC.
28. Corden, W.M., Neary, J.P., 1982. Booming sector and deindustrialization in a small open economy. Economic Journal 92, 825-848.
29. Coricelli, F., Revenga, A. (Eds.), 1992. Wage Policy During the Transition to a Market Economy: Poland 1990-91. The World Bank, Washington, DC.
30. Dornbusch, R., 1992. Lessons from experiences with high inflation. The World Bank Economic Review 6 (1).
31. Faggio, G., Konings, J., 1999. Gross job flows and firm growth in transition countries: evidence using firm level data on five countries, Center for Economic Policy Research Discussion Papers, no. 2261.
32. Fardmanesh, M., 1990. Terms of trade shocks and structural adjustment in a small open economy. Journal of Development Economics 34, 339-353.
33. Fardmanesh, M., Tan, L., 1995. Price and trade liberalization in East European economies, Yale Economic Growth Center Discussion Papers, no. 751, Yale University, New Haven, CT.
34. Fardmanesh, M., Tan, L., 2000. Structural impact of perfect competition and free trade in centrally planned economies: a sensitivity analysis. Papers and Proceedings of the Third Annual Conference of the Academy of Management in Lodz, Poland.
35. Friebel, G., Guriev, S., 1998. Why Russian workers do not move: attachment of workers through in-kind payments,mimeo, Russian European Center for Economic Policy.
36. Grafe, C., Wyplosz, C., 1997. The real exchange rate in transition economies, Center for Economic Policy Research Discussion Papers, no. 1773.
37. Grun, C., Klasen, S., 2001. Growth, income distribution and well-being in transition countries. Economics of Transition 9, 359-394.
38. Jakab, Z.M., Kovacs, M.A., Oszlay, A., 2001. How far has trade integration advanced?: an analysis of the actual and potential trade of three Central and Eastern European countries. Journal of Comparative Economics 29, 276-292.
39. Jurajada, S., Terrell, K., 2001. Job Creation and Job Destruction in the Czech Republic. University of Michigan, Ann Arbor, MI unpublished manuscript.
40. Johnson, S., Kaufmann, D., Shleifer, A., 1998. The unofficial economy in transition. Brookings Papers on Economic Activity 2, 159-239.
41. Jones, R.W., 1971. A three-factor model in theory, trade and history. In J. N. Bhagwati (Ed.), Trade, Balance of Payments and Growth: Essays in Honor of C.P. Kindleberger, North-Holland, Amsterdam, pp. 3-21.
42. Kattuman, P., Redmond, G., 2001. Income inequality in early transition: the case of Hungary 1987-1996. Journal of Comparative Economics 29, 40-65.
43. Katz, B.G., Owen, J., 2000. Choosing between big-bang and gradualist reforms: an option price approach. Journal of Comparative Economics 28, 95-107.
44. Konings, J., Walsh, P., 1999. Disorganization in the process of transition: firm level evidence from Ukraine. Economics of Transition 7, 29-46.
45. Kornai, J., 1980. Economics of Shortage. North-Holland, Amsterdam.
46. Kornai, J., 1990. The Road to a Free Economy. Norton, New York
47. Kornai, J., 1992. The Socialist System: The Political Economy of Communism. Oxford Univ. Press, Oxford, UK.
48. Kornai, J., 1995. Highways and Byways: Studies on Reform and Post-Communist Transition. MIT Press, Cambridge, MA.
49. Koropeckyj, S., 1981. Economics of Soviet Regions. Praeger Publishers, Praeger.
50. Kushnirsky, F.I., 1993. Achievements, Problems, Challenges. The Harvard Ukrainian Research Institute, Cambridge, MA.
51. Lacko, M., 2000. Hidden economy - an unknown quantity? Comparative analysis of hidden economies in transition countries 1989-95. Economics of Transition 8, 117-149.
52. Lankes, H.P., Vanables, A., 1996. Foreign direct investment in economic transition: the changing pattern of investment. Economics of Transition 4, 331-370.
53. Lau, L., Qian, Y., Roland, G., 1997. Pareto-improving economic reforms through dual-track liberalization. Economic Letters 55, 285-292.
54. Lau, L., Qian, Y., Roland, G., 2000. Reform without losers: an interpretation of China's dual-track approach to reforms. Journal of Political Economy 108, 120-163.
55. Lipton, D., Sachs, J., 1990. Creating a market economy in Eastern Europe: the case of Poland. Brookings Papers on Economic Activity 1, 75-133.
56. Maliszewski, W.S., 2000 Central bank independence in transition economies. Economics of Transition 8, 749-789.
57. Marer, P., Arvay, J., O'Connor, J., Schrenk, M., Swanson, D., 1992. Historically Planned Economies: A Guide to the Data. The World Bank, Washington, DC
58. McKinnon, R., 1991 Financial control in the transition from classical socialism to a market economy. Journal of Economic Perspectives 5 (4).
59. McKinnon, R., 1993. The order of economic liberalization: Financial Control in a Transition to a Market Economy. Johns Hopkins Univ. Press, Maryland.
60. Milanovic, B., 1998. Income, inequality, and poverty during the transition from planned to market economy. World Bank Regional and Sectoral Studies, Washington, DC: The World Bank.
61. Mo, P.H..2001. Corruption and economic growth. Journal of Comparative Economics 29, 66-79.
62. Mortensen, D.T., Pissarides, C., 1999. Unemployment responses to "skill-biased" technology shocks: the role of labor market policy. Economic Journal 109, 242-265.
63. Muco, M., Papapanagos, H., Sanfey, P., 1999. The determinants of official and free-market exchange rates in Albania during transition. Journal of Comparative Economics 27, 534-552.
64. Munich, D., Svejnar, J., Terrell, K., 1998. The worker-firm matching in transition economies: (Why) Are the Czechs more successful than others?, The William Davidson Institute Working Papers, no. 107.
65. Naughton, B., 1991. Why has economic reform led to inflation? (The case of China), AEA Papers and Proceedings. American Economic Review 81 (2).
66. Naughton, B., 1995. Growing Out of the Plan. Cambridge Univ. Press, Cambridge, UK.
67. Petrongolo, B., Pissarides, C., 2001. A survey of matching function. Journal of Economic Literature XXXIX, 390-431.
68. Prittila, J., 2001. Fiscal policy and structural reforms in transition economies. Economics of Transition 9, 29-52.
69. Profit, S., Sperlich, S., 1998. Non-uniformity of job-matching in a transition economy - a non-parametric analysisfor the Czech Republic, Quantifikation and Simulation Okonomischer Prezesse, Humboldt-Universit zu Berlin, Discussion Paper, no. 15.
70. Rodrik, D., 1994. Foreign trade in Eastern Europe's transition: early results. In: Blanchard, O., Froot, K., Sachs, J. (Eds.), The Transition in Eastern Europe, vol. 2. NBER and Chicago Univ. Press, Chicago, IL, pp. 319-356.
71. Roland, G. 2000. Transition and Economics. MIT Press, Cambridge, MA.
72. Rosati, D., 1994. Output decline during transition from plan to market. Economics of Transition 2, 419-442.
73. Ruggerone, L., 1996. Unemployment and inflationary finance dynamics at the early stages of transition. Economic Journal 106, 483-494.
74. Schmidt, K., 2000. The political economy of mass privatization and the risk of expropriation. European Economic Review 44, 393-421.
75. Sorm, V., Terrell, K., 2000. Sectoral restructuring and labor mobility: a comparative look at the Czech Republic. Journal of Comparative Economics 28, 431-455.
76. Svejnar, J., 1989. A framework for the economic transformation of Czechoslovakia. PlanEcon Report 5, 1-18.
77. Svejnar, J., 1991. Microeconomic issues in the transition to a market economy. Journal of Economic Perspectives 5 (4).
78. Tanzi, V., 1991. Fiscal issues in economies in transition. In: Corbo, V., Coricelli, F., Bossak, J., (Eds.), Reforming Central and Eastern European Economies: Initial Results and Challenges. The World Bank, Washington, DC, pp. 221-228.
79. United Nations, 1990. National Accounting. United Nations, New York.
80. United Nations, 1994-1995, 2000. Economic Survey of Europe, Economic Commission for Europe, United Nations, New York.
81. United Nations (1998/1999). Trends in Europe and North America, Economic Commission for Europe. New York: United Nations.
82. Walker, J., 1989. Microeconometric modelling and policy analysis. In: Hey, J.B. (Ed.), Current Issues in Microeconomics, St. Martin's Press, New York, pp. 209-235.
83. Williamson, J. (Ed.), 1991. Currency Convertibility in Eastern Europe. Institute for International Economics,Washington, DC.
84. Winiecki, J., 1991. The inevitability of a fall in output in the early stages of transition to the market: theoretical underpinnings. Soviet Studies 43, 669-676.
85. Wolf, T.A., 1991. The lessons of limited market-oriented reform. Journal of Economic Perspectives 5 (4), 45-58.