New firms entry, labor reallocation, and institutions in transition economies

Artikel

In the transition from central planning to a market economy in the 1990s, governments focused on privatizing or closing state enterprises, reforming labor markets, compensating laid-off workers, and fostering job creation through new private firms. After privatization, the focus shifted to creating a level playing-field in the product market by protecting property rights, enforcing the rule of law, and implementing transparent start-up regulations. A fair, competitive environment with transparent rules supports long-term economic growth and employment creation through the reallocation of jobs in favor of new private firms.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2015 ; Bonn: Institute for the Study of Labor (IZA)

Classification and Topics

• Classification: Wirtschaft ; Public Sector Labor Markets ; Labor Turnover; Vacancies; Layoffs ; Unemployment: Models, Duration, Incidence, and Job Search ; Entrepreneurship ; Socialist Systems and Transitional Economies: Political Economy; Property Rights ; Socialist Enterprises and Their Transitions
• Subject: new firms entry ; job reallocation ; transition ; institutions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bruno, Randolph Luca
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2015

Further information

• DOI: doi:10.15185/izawol.180
• Handle: http://hdl.handle.net/10419/125409
• Last update: 10.03.2025, 11:43 AM CET