The Impact on Structural Reforms on Employment Growth and Labour Productivity: Evidence from Bulgaria and Romania

Using firm-level data from Bulgaria and Romania, this paper addresses a lacuna in the transition literature, namely, the link of firm-level employment turnover with firm-level growth in labour productivity. The results suggest that while net job creation at the firm level was affected by privatization in Bulgaria, privatization in Romania did not have any effect on firm-level employment growth. Further, Olley-Pakes (1996) decomposition indicates that in Bulgaria, over time, resources moved from less productive firms to more productive firms in almost all industries, but that in Romania such a phenomenon was observed in less than half of the industries. At the same time, the Grilliches-Regev (1995) decomposition indicates that in both these countries mobility of labour across firms, i.e., the process of job creation and job destruction at the firm level, contributed more to productivity changes than did other firm-level characteristics and industry-level factors affecting productivity. Finally, we find that the rate of employment changes in Bulgarian firms has a significant impact on the country’s firm-level productivity changes. Regressions using Romania data, however, do not provide any support for this observation.job flows, employment growth, labour productivity, Bulgaria, Romania

How important is ownership in a market with a level playing field: The Indian banking sector revisited

It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as empirical evidence suggest that factors like agency problems may not allow privately owned firms to operate more efficiently or perform better that state owned firms. At the same time, it has been argued that competition and hard budget constraints can induce state owned firms to operate efficiently. In India, banking sector reforms were initiated in 1992-93, leading to entry and other forms of deregulation, and a level playing field for all banks. Data for 1995-96 through 2000-01 suggest that by 1999-00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were able to eliminate the performance/efficiency gap that existed between them and domestic private sector and foreign banks

Heritage, gentrification, participation : remaking urban landscapes in the name of culture and historic preservation : introduction

This special issue explores the relationship between heritagization, shifting economies, and urban struggles in different cities around the globe. Our aim is to examine the conditions that have brought history, culture, an old/new urban aesthetics, real estate values, and housing struggles in a relational nexus by looking at the ways in which differently-situated actors mobilize the language of cultural heritage to act upon urban spaces. Ideas of what constitutes a beautiful and livable city are changing along with capital accumulation strategies and urban social geographies. The growing heritagization of historic neighborhoods enables local governments and real-estate developers to engender massive spatial and social changes in the urban landscape. City authorities renovate last swaths of urban fabrics in the name of historic preservation and of the ‘common good’, but this often means that local residents are evicted while private developers allied with these authorities realize huge profits by ‘regenerating’ depressed areas. Yet, local residents also resort to the language of cultural heritage to combat the destruction of their urban worlds. What are the consequences for those who cannot afford to live in the newly restored quarters? What kinds of heritage rhetoric are being mobilized by involved actors? How do rooted political cultures shape the local instantiation of this globalizing phenomenon? Recent urban struggles in the Middle East and Europe reveal an inextricable link between heritagization, gentrification, and urban politics. We invite contributors to submit papers dealing with such links between heritagization and housing struggles, evictions, cultural capitalism, and changing urban aesthetics.

SELF-SELECTION AND EARNINGS DURING VOLATILE TRANSITION

Using Bulgarian Integrated Household Surveys for 1995, 1997 and 2001 this paper explores determinants of labor force status – not working, public sector employment, private sector employment and self-employment – and earnings for each of the three employment sectors. We find that while skilled labor’s pattern of reallocation into the public sector remains roughly the same over time, the inflow of highly educated laborers into the private sector and selfemployment increases. These changes coincide with the erosion of the returns to observed skills in the private sector and self-employment, while the public sector continues to reward all types of education at higher than the elementary level.http://deepblue.lib.umich.edu/bitstream/2027.42/40085/3/wp699.pd

How Important is Ownership in a Market with Level Playing Field? The Indian Banking Sector Revisited

It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as empirical evidence suggest that factors like agency problems may not allow privately owned firms to operate more efficiently or perform better that state owned firms. At the same time, it has been argued that competition and hard budget constraints can induce state owned firms to operate efficiently. In India, banking sector reforms were initiated in 1992-93, leading to entry and other forms of deregulation, and a level playing field for all banks. Data for 1995-96 through 2000-01 suggest that by 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were able to eliminate the performance/efficiency gap that existed between them and domestic private sector and foreign banks.http://deepblue.lib.umich.edu/bitstream/2027.42/39955/3/wp569.pd

Structures and waves in a nonlinear heat-conducting medium

The paper is an overview of the main contributions of a Bulgarian team of researchers to the problem of finding the possible structures and waves in the open nonlinear heat conducting medium, described by a reaction-diffusion equation. Being posed and actively worked out by the Russian school of A. A. Samarskii and S.P. Kurdyumov since the seventies of the last century, this problem still contains open and challenging questions.Comment: 23 pages, 13 figures, the final publication will appear in Springer Proceedings in Mathematics and Statistics, Numerical Methods for PDEs: Theory, Algorithms and their Application