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on Transition Economics |
| By: | Brigitte Granville; Judith Shapiro |
| Abstract: | Robbins’s central contribution to the debate on market versus plan links with identification of economics as science of how societies handle scarcity, a central contribution of the Essay. This was not a narrow focus on static efficiency; inflation was a key part of Robbins’s conception of (mis)handling scarcity. The irony that transition to the market led to movement away from the market in economics is analysed, highlighting the obscured role of macroeconomics, and questioning a new conventional wisdom that Russia should have followed the Chinese path of gradual and Pareto-improving institutional development. A conclusion is that the demise of the Washington Consensus should not lead to a new dogma: the neoclassical paradigm is not being replaced but extended. |
| Keywords: | Transition, Lionel Robbins, socialist calculation debate, Russia, inflation |
| JEL: | P21 B31 |
| Date: | 2008–05 |
| URL: | http://d.repec.org/n?u=RePEc:cgs:wpaper:11&r=tra |
| By: | Iga Magda (Warsaw School of Economics) |
| Abstract: | In this paper I study the earnings mobility in Poland and in the UK. Using both transition matrices and a wage mobility index I first document changes in the overall wage mobility in Poland across time, then compare mobility patterns among Polish and British employees. I focus in particular on low wage workers and analyze their transitions within the earnings distribution and between different labour market states. Finally, I demonstrate that changes in the earnings mobility in Poland do not seem to be linked to changes in the overall wage dispersion. |
| Keywords: | earnings, mobility, wages |
| Date: | 2008–03 |
| URL: | http://d.repec.org/n?u=RePEc:ese:iserwp:2008-10&r=tra |
| By: | Florence Kondylis (Columbia University) |
| Abstract: | The 1992/95 war in Bosnia and Herzegovina (BiH) drove about 1.3 Million people into displacement (UNHCR). This study uses a longitudinal data source to document the nature of individual selection into conflict-induced displacement and the effects of displacement on labor market outcomes for Bosnians in post-war BiH. To account for endogeneity in the displacement status, I exploit the fact that the level of violence in the pre-war residence likely affected the displacement decision for Bosnians and yet is not associated to economic performance. I find evidence of positive selection into displacement, i.e. more "able" individuals in terms of labor market outcomes are more likely to be displaced, and that displaced Bosnian men and women are less likely to be in work relative to stayers. Interestingly, whereas worklessness translates into higher unemployment for men, it decreases the women’s participation with no effect on unemployment once selection is accounted for. The informality of the labor market in BiH and the destruction of networks are not only the most plausible candidates to explain the negative effect of displacement on labor market performance, but also help rationalise the lack of an effect on participation for displaced men. |
| Date: | 2008–04 |
| URL: | http://d.repec.org/n?u=RePEc:hic:wpaper:45&r=tra |
| By: | Stefanescu, Razvan |
| Abstract: | This paper examines, in the tradition of descriptive approaches of decision-making, how Romanian executives actually make decisions. It is based on an investigation in which managers from Romania were interrogated about some aspects of the decision-making. The conclusion of this study is that the Romanian managers don’t follow all the recommendations of classical decision theory when they make decisions. That situation is caused not only by the high instability of business environment, but also by some elements of the managerial culture. |
| Keywords: | descriptive approaches of decision-making; business environment; investigation among executives; transition countries; |
| JEL: | D21 D81 M10 |
| Date: | 2004–12–20 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:8791&r=tra |