Aggregate Labor Market Behavior In The Restructuring Of The Romanian Economy
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The Failure to Restructure and Improve Efficiency on the Romanian Labor Market
Author | : Constantin Zaman |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : |
ISBN | : |
Romania started the transition process by adopting a gradualist strategy for implementing its economic reforms, most of which being carried out independently and not through a concrete and cohesive policy package. The dynamics of restructuring on the labor market is analyzed by the Index of Employment Restructuring, the Rate of Unemployment Absorption and the Net Rate of Private Sector Expansion. These indices show that the capacity of Romanian economy to absorb the unemployment is very modest because the private activities are insufficiently developed due to a major delay in market reforms aimed to effectively stimulate the private initiative. With respect to efficiency, the Index of Labor Efficiency shows that the private sector loses continuously its efficiency because the privatization of public enterprises induced the phenomenon of sharing the inefficiency (the speed of restructuring the privatized firms is lower than the speed of privatization). The Index of Employment Adjustment indicates that this process is far from being completed in the Romanian economy, while the Index of Output Adjustment confirms that the private sector - despite its increasing share in overall activity - remains insufficiently developed in terms of productivity and economic efficiency.
Unemployment, Restructuring, and the Labor Market in Eastern Europe and Russia
Author | : Simon Commander |
Publisher | : World Bank Publications |
Total Pages | : 418 |
Release | : 1995 |
Genre | : Business & Economics |
ISBN | : 9780821329887 |
World Bank Technical Paper No. 263. Management of water resources is essential for long-term, environmentally sustainable human and economic development. Increasingly, the World Bank and other international organizations are called upon to provide support in the formulation of water resources strategies. This volume serves as a guide for developing countries in creating their strategies by outlining a general process. It also suggests ways for countries to build capacity through the process of designing and implementing such strategies. The volume is divided into two parts. Part I covers the purpose and process of strategy formulation. The process consists of a water resource assessment and then the design and choice of options. Part II reviews such main concepts as institutional and human resources, stakeholder participation, information systems, economics, environment and health, and international issues.
Labour Market Efficiency Over the Transitional Period
Author | : Constantin Zaman |
Publisher | : |
Total Pages | : 0 |
Release | : 2005 |
Genre | : |
ISBN | : |
Romania started the transition process by adopting a gradualist strategy for implementing its economic reforms, most of which being carried out independently and not through a concrete and cohesive policy package. The dynamics of restructuring on the labor market is analyzed by the Index of Employment Restructuring, the Rate of Unemployment Absorption and the Net Rate of Private Sector Expansion. These indices show that the capacity of Romanian economy to absorb the unemployment is very modest because the private activities are insufficiently developed due to a major delay in market reforms aimed to effectively stimulate the private initiative. With respect to efficiency, the Index of Labor Efficiency shows that the private sector loses continuously its efficiency because the privatization of public enterprises induced the phenomenon of sharing the inefficiency (the speed of restructuring the privatized firms is lower than the speed of privatization). The Index of Employment Adjustment indicates that this process is far from being completed in the Romanian economy, while the Index of Output Adjustment confirms that the private sector - despite its increasing share in overall activity - remains insufficiently developed in terms of productivity and economic efficiency.
A Romanian Short Perspective Upon the Labor Market Management
Author | : Ana Maria Balan |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : |
ISBN | : |
Contributing to a normal and balanced functioning of the national economy, the labor market role is to exploit efficiently the labor resources. It must continually adapt to the technological changes, modernization and general restructuring. The content of the labor market is given by all the economic relations that refer to employment and labor utilization; also it refers to providing social protection of the human factor. Romania's transition to a market economy necessarily requires the adoption of a strategy to respond to the multiple issues concerning the employment and the efficient use of labor; Romania have to adopt policies to adjust the balance between the supply and demand of labor and to avoid an explosion of unemployment. For this purpose the labor market management acts; this paper discusses its features and its functions, as well as the policies and the strategies issues that should be taken to Romania; at final offers some proposals concerning the importance of the continuous training, like a basic component of the labor market management.
The Restructuring of Romania's Economy
Author | : Raphael Shen |
Publisher | : Praeger |
Total Pages | : 258 |
Release | : 1997-11-20 |
Genre | : Business & Economics |
ISBN | : |
Given the political, financial, social, and economic conditions inherited from Communist rule, Romania's new government concluded that a shock therapy approach to reform would create unmanageable chaos and enduring instability. Though committed to economic liberalization, decisionmakers espoused a gradualist approach to economic reform. The government pursued its objectives by implementing policies it considered functionally operational. Although Romania experienced the macro dislocations and downturns that are common in transitional economies in the region, the country sustained shallower recessions, lower inflationary spirals, and shorter production losses than many reforming economies. This study analyzes how, against calculated probabilities and within a relatively short time period, Romania has stabilized and assembled all the basic ingredients for a successful transformation from a centralized system to a market-driven economy. The lessons derivable from Romania's relatively successful experiment with systemic transformation could be beneficial to reform architects in all newly liberalized economies in Eastern Europe. The conclusions of this study reinforce the view that it is imperative to examine and foster the existing preconditions, including political, institutional, and financial components, before subjecting an economy to extensive and intensive shocks that could be judiciously mitigated or circumvented. Unlike other newly liberalized economies in Eastern Europe, where the once disgraced Communists have returned to power, sympathy for a centralized system has been steadily and swiftly declining in Romania. The primary factor in Romania's success, the author claims, is its circumspect approach to reform.
The Romanian Economic Reform Program
Author | : Mr.Dimitri G. Demekas |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 1991-06-15 |
Genre | : Business & Economics |
ISBN | : 9781557751904 |
This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.
Enterprise and Social Benefits After Communism
Author | : Martin Rein |
Publisher | : Cambridge University Press |
Total Pages | : 346 |
Release | : 1997-07-17 |
Genre | : Business & Economics |
ISBN | : 9780521584036 |
This 1997 book examines the evolution of firm-initiated social benefits in Central, East European Countries and the former Soviet Union.
The Labor Market and Economic Adjustment
Author | : Pierre-Richard Agénor |
Publisher | : International Monetary Fund |
Total Pages | : 98 |
Release | : 1995-11-01 |
Genre | : Business & Economics |
ISBN | : 1451854781 |
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.