Basic Conditions for Direct Investments in the Baltic States - Hardcover

This work analyzes the process of capital formation and the development of productive capacity in the Baltic States from 1950 to 1992. The contributors describe developments on the labour market in terms of available jobs and actual employment with estimation and simulation results including a utilization rate of labour exceeding unity in the 1950s and again in the 1980s. This could be labelled as "hidden unemployment" or "structural overstaffing", since the registered number of employed exceeds the estimated number of available jobs. Obviously, the non-market characters of investment decisions under Soviet rule has left traces in the macroeconomic structure of the Baltic.