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

Bruno, RL; (2015) New firms entry, labor reallocation, and institutions in transition economies. IZA World of Labor , 2015 , Article 180. 10.15185/izawol.180. Green open access

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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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