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Economics

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Employment and wage determination in China's rural industry: investigation using 1984-1990 panel data

Article Abstract:

Township and village enterprises (TVE) in China tend to engage in nonprofit goals, according to Chinese TVE behavior data from 1984 to 1990. Employment and wage equation estimates of some of these enterprises show that while income and employment are both considered important, the former is regarded above the latter. It has been demonstrated that financial difficulty can subdue efforts to create employment. Moreover, prevailing market wages also influence the internal wages of TVEs. Thus, an evaluation of TVE allocative efficiency is important in drafting industrial reform policies.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Wages & Hours Regulation, China, Labor law, Wages, Wages and salaries, Rural industry, Rural industries

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Job creation, job destruction, and growth of newly established, privatized, and state-owned enterprises in transition economies: survey evidence from Bulgaria, Hungary, and Romania

Article Abstract:

Newly established private companies are more involved in employment generation than state-owned or privatized enterprises. This outperformance has been established, with size and life-cycle effects as controlled variables, in a survey of 431 state-owned, privatized, and newly established private enterprises in Romania, Bulgaria, and Hungary. State-owned and privatized firms have the same company-level job growth rate. However, while Hungary is more progressive in transition, Bulgaria and Romania are still experiencing significant acclimatization.

Hungary, Romania, Bulgaria, Job creation

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Does the opening of Central and Eastern Europe threaten employment in the West?

Article Abstract:

An analysis of the integration between the economies of Central and Eastern European countries (CEEC) and those from Western Europe reveals that, aside from a surge in trade and an improvement in investments by EU firms to the CEEC, no large exodus of labor from East to West occurred. The available evidence suggests that, far from posing a threat to employment in Western Europe, a continuing EU-CEEC integration generates new employment opportunities.

Analysis, Eastern Europe, Economic policy, Western Europe, Central Europe

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