01882cas a2200265 a 4500 AALejournalIMF001400 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843323 1018-5941 BD-DhAAL BD-DhAAL Krajnyak, Kornelia. Economic Restructuring, Unemployment, and Growth in a Transition Economy / Kornelia Krajnyak, Bankim Chadha, Fabrizio Coricelli. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is endogenously determined, and human capital is acquired by learning-by-doing, we show that whether restructuring eventually occurs is determined by the level of human capital in the private sector and the rate of unemployment. The effects of various shocks and government policies in affecting the costs, speed, and eventual outcome of restructuring are analyzed. Mode of access: Internet Chadha, Bankim. Coricelli, Fabrizio. IMF Working Papers; Working Paper ; No. 1993/016 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/016/001.1993.issue-016-en.xml IMF e-Library