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Skill Acquisition and Firm Creation in Transition Economies

Author

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  • Wenli Li
  • Zuzana Brixiova
  • Tarik Yousef

Abstract

The transition from plan to market has hinged on the development of a dynamic private sector that would serve as the engine of growth and employment creation. This paper examines the link between the availability of skilled workers and the creation of new private firms. Using a dynamic search model, it shows how the lack of skilled workers inhibits entrepreneurship and depresses the rate of firm creation, slowing the recovery of aggregate output and labor productivity during the transition. The paper also shows how policies designed to encourage skill acquisition by workers have a positive impact on the economy.

Suggested Citation

  • Wenli Li & Zuzana Brixiova & Tarik Yousef, 1999. "Skill Acquisition and Firm Creation in Transition Economies," IMF Working Papers 99/130, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:99/130
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    Cited by:

    1. Brixiova, Zuzana & Li, Wenli & Yousef, Tarik, 2009. "Skill shortages and labor market outcomes in Central Europe," Economic Systems, Elsevier, vol. 33(1), pages 45-59, March.
    2. Ernesto Hernández-Catá, 2001. "The Fall and Recovery of the Cuban Economy in the 1990's; Mirage or Reality?," IMF Working Papers 01/48, International Monetary Fund.
    3. Zuzana Brixiova & Vera Volchok, 2005. "Labor Market Trends and Institutions in Belarus," William Davidson Institute Working Papers Series wp777, William Davidson Institute at the University of Michigan.
    4. Dirk Bezemer & Uwe Dulleck & Paul Frijters, 2003. "Socialism, Capitalism, and Transition - Coordination of Economic Relations and Output Performance," School of Economics and Finance Discussion Papers and Working Papers Series 168a, School of Economics and Finance, Queensland University of Technology.
    5. Duranton, Gilles & Haniotis, Toni, 2004. "A comparison between economic systems with an application to transition," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2125-2157, August.
    6. Volkhart Vincentz & Michael Knogler, 2003. "Szenarien der mittelfristigen Konvergenz der EU-Beitrittsländer Polen, Slowakische Republik und Ungarn," Working Papers 244, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    7. Michael Knogler, 2002. "Arbeitsmarktpolitische Herausforderungen in den Ländern der EU-Beitrittskandidaten," Working Papers 235, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).

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