The process of transition imposed on East European industry both a structural shock forcing the downsizing and branch-reorientation of industry. This was compounded by cyclical factors caused by a decline in domestic and foreign demand. In some countries the effects of the fall in industrial output on labor productivity were to a large extent offset by labor shedding. In other countries, labor was retained by industrial firms and thus the fall in...
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INFORMATION
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1994/09/23
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Document de travail (série numérotée)
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18502
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1
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1
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2021/09/19
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Disclosed
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Transformation and labor productivity in Central and Eastern Europe
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output per worker
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