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Labor and Product Markets in Czechoslovakia and the ex-GDR: A Twin Study

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  • Burda, Michael C

Abstract

Pre-reform similarities between the ex-German Democratic Republic and Czechoslovakia serve as a basis for comparing two different approaches to marketizing centrally planned economies. The GDR freed trade in goods and fixed the exchange rate first, then liberalized domestic price setting, and took up privatization and budgetary consequences last; the CSFR is striving to implement the same reforms in reverse order. While the exchange rate matters decisively in the short run, institutional aspects of the two countries such as financing constraints, collective bargaining, and unemployment benefits will prove most important for long-run development of the two regions.

Suggested Citation

  • Burda, Michael C, 1991. "Labor and Product Markets in Czechoslovakia and the ex-GDR: A Twin Study," CEPR Discussion Papers 548, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:548
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    Citations

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    Cited by:

    1. Adriana D. Kugler & Giovanni Pica, 2006. "The Effects of Employment Protection and Product Market Regulations on the Italian Labour Market," Chapters, in: Julián Messina & Claudio Michelacci & Jarkko Turunen & Gylfi Zoega (ed.), Labour Market Adjustments in Europe, chapter 4, Edward Elgar Publishing.
    2. Klodt, Henning & Paqué, Karl-Heinz, 1993. "Am Tiefpunkt der Transformationskrise: Industrie- und lohnpolitische Weichenstellungen in den jungen Bundesländern," Kiel Discussion Papers 213, Kiel Institute for the World Economy (IfW Kiel).
    3. Kugler, Adriana & Pica, Giovanni, 2003. "The effects of employment protection and product market regulations on the Italian labor market," Discussion Paper Series In Economics And Econometrics 0310, Economics Division, School of Social Sciences, University of Southampton.
    4. Franz, Wolfgang, 1994. "Central and East European labor markets in transition: Developments, causes, and cures," Discussion Papers 19, University of Konstanz, Center for International Labor Economics (CILE).
    5. Michael Burda & Michael Funke, 1993. "German trade unions after unification — Third degree wage discriminating monopolists?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 129(3), pages 537-560, September.
    6. Paqué, Karl-Heinz, 1993. "East-West-wage rigidity in united Germany: Causes and consequences," Kiel Working Papers 572, Kiel Institute for the World Economy (IfW Kiel).

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