| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1434 |
| DP1434 Technology and Changes in Skill Structure: Evidence from an International Panel of Industries | |
| Stephen Machin; John Van Reenen | |
| 发表日期 | 1996-07-31 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | We present in this paper a bench-mark model for the optimal speed of transition from a state-owned to a private market economy, based on the consumption-savings decision in a closed economy. This bench-mark model abstracts from rigidities or frictions to focus on the macroeconomic conditions for accumulation of private capital and closure or restructuring of state-owned enterprises (SOEs). It is shown that an excess rate of closure of SOEs, compared to the welfare optimum, generates a substitution effect that accelerates the pace of transition, and an income effect, that slows down transition. When the latter effect dominates, too high a speed of closure of SOEs may result in suboptimally slow growth of the private sector. This will especially be the case if such a deviation occurs at an early stage of transition. Lastly, the model sheds some light on macroeconomic contraction in Central and Eastern Europe in the early phase of transition. |
| 关键词 | General equilibrium Transition in eastern europe Transitional dynamics |
| URL | https://cepr.org/publications/dp1434 |
| 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/530577 |
| 推荐引用方式 GB/T 7714 | Stephen Machin,John Van Reenen. DP1434 Technology and Changes in Skill Structure: Evidence from an International Panel of Industries. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
