Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125409
Authors: 
Bruno, Randolph Luca
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 180
Abstract: 
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.
Subjects: 
new firms entry
job reallocation
transition
institutions
JEL: 
J45
J63
J64
L26
P26
P31
Persistent Identifier of the first edition: 
Document Type: 
Article

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