Bruno, RL;
(2015)
New firms entry, labor reallocation, and institutions in transition economies.
IZA World of Labor
, 2015
, Article 180. 10.15185/izawol.180.
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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.
| Type: | Article |
|---|---|
| Title: | New firms entry, labor reallocation, and institutions in transition economies |
| Location: | Germany |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.15185/izawol.180 |
| Publisher version: | https://doi.org/10.15185/izawol.180 |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | new firms entry, job reallocation, transition, institutions |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10119787 |
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