Series: IMF Working Papers
Author(s): Thomas Rutherford , Svend Jensen , and Tobias Rasmussen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2002
Keywords: capital losses, capital mobility, capital markets, international capital markets, Macroeconomic Analyses of Economic Development, Innovation and Invention: Processes and Incentives, Computable General Equilibrium Models, Structural Reforms, Intergenerational Distribution, Dynamic General Equilibrium,
A defining feature of transition economies is the expansion of the private sector. Motivated by the observation that new enterprises in transition economies seem to have a strong preference for recruiting young peo...