01741cas a2200265 a 4500 AALejournalIMF007643 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855173 1018-5941 BD-DhAAL BD-DhAAL Li, Wenli. Skill Acquisition and Firm Creation in Transition Economies / Wenli Li, Zuzana Brixiova, Tarik Yousef. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (31 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 The transition from plan to market has hinged on the development of a dynamic private sector that would serve as the engine of growth and employment creation. This paper examines the link between the availability of skilled workers and the creation of new private firms. Using a dynamic search model, it shows how the lack of skilled workers inhibits entrepreneurship and depresses the rate of firm creation, slowing the recovery of aggregate output and labor productivity during the transition. The paper also shows how policies designed to encourage skill acquisition by workers have a positive impact on the economy. Mode of access: Internet Brixiova, Zuzana. Yousef, Tarik. IMF Working Papers; Working Paper ; No. 1999/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/130/001.1999.issue-130-en.xml IMF e-Library