Changes in unemployment rates are connected with both macroeconomic (symmetric) and sectoral (asymmetric) shocks taking place in the transitional Russian economy, causing the regional labor markets to react. We assumed that unemployment rates and the regional labor market behavior are determined by heterogeneous reactions of the regions to shocks. In the suggested theoretical model, the regions have different starting conditions, different employment structure, and pursue their economic policies in different ways.
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Paper provided by European Regional Science Association in its series ERSA conference papers with number
ersa03p454.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Philippe Aghion & Olivier J. Blanchard, 1994.
"On the Speed of Transition in Central Europe,"
NBER Chapters,
in: NBER Macroeconomics Annual 1994, Volume 9, pages 283-330
National Bureau of Economic Research, Inc.
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