| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP893 |
| DP893 Dynamic Behaviour of Wages and Employment: A Bargaining Model Introducing Adjustment Costs | |
| Leonor Modesto | |
| 发表日期 | 1994-04-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper examines aspects of speed and sequencing of restructuring and privatization in economies in transition. It is argued that because of political constraints, restructuring is more likely to be gradual. Because of the political constraints on restructuring, a very fast and non-differentiated approach to privatization may lead to renationalization and general delays in restructuring. A more gradual policy of privatization may allow for the screening of good from bad firms, allow the emergence of a sound financial sector and give credibility to a policy of gradual restructuring and hardening of budget constraints in the state sector. |
| 主题 | International Macroeconomics |
| 关键词 | Political economy Privatization Restructuring Sequencing Transition |
| URL | https://cepr.org/publications/dp893 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530071 |
| 推荐引用方式 GB/T 7714 | Leonor Modesto. DP893 Dynamic Behaviour of Wages and Employment: A Bargaining Model Introducing Adjustment Costs. 1994. |
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