 | Economic Restructuring, Unemployment, and Growth in a Transition Economy Author/Editor: Kornelia Krajnyak, Bankim Chadha, Fabrizio Coricelli. Release Date:March, 1993 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 more...
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| Output Collapse in Eastern Europe : The Role of Credit Author/Editor: Guillermo Calvo, Fabrizio Coricelli. Release Date:August, 1992 Real bank credit in Eastern European countries after their recent stabilization programs is shown to have fallen sharply, except in the case of Hungary. The meaning of the fall is discussed under the more...
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