Capital Markets and Capital Allocation: Implications for Economies in Transition

Regional Unemployment and Human Capital in Transition Economies

Regional Unemployment and Human Capital in Transition Economies Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for this outcome through related capital an...

Human Capital , Growth and Inequality in Transition Economies

Title Capital depreciation and waste accumulation in capital - resource economies

In this note, we investigate how the depreciation of a manufactured stock and the related accumulation of a waste stock can alter the optimal path of the capital-resource economy. It is shown that the optimal consumption path is affected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.

Human Capital and the Future of Transition Economies

Transition economies have an initial condition of high human capital relative to GDP per capita. But they will not necessarily realize their latent high growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of their family backgrounds and invest substantially in their own human capital. At a bad equilibrium, past educational ach...

The dynamics of capital structure in transition economies

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