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050 Inflation and Endogenous Growth in Underground Economies

2004 06 wiiw bo wp 050 Max Gillman and Dario Cziráky Inflation and Endogenous Growth in Underground Economies (PDF) Abstract The paper examines the effect of inflation on the growth rate in economies with underground, or ”non-market”, sectors. The model incorporates a non-market good into an endogenous growth cash-inadvance economy with human capital. Taxes on […]

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048 Regulation and Flexibility of the Croatian Labour Market

2004 06 wiiw bo wp 048 Vedran Šošić Regulation and Flexibility of the Croatian Labour Market (PDF) Abstract The Croatian Labor Code was significantly reformed in 2003 as a result of extensive negotiations lasting about two years. Proponents of the reform emphasized the supposed rigidity of the labor market, resulting from restrictive employment protection legislation, […]

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