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We analyse investment behaviour of the population of medium and large industrial firms located in the Czech Republic in … 1992–5. We examine the relevance of alternative models of investment and test if investment behaviour varies across … control for the significant seasonal variation in investment. The data indicate that foreign-owned companies invest the most …
Persistent link: https://www.econbiz.de/10005666955
We investigate the impact of U.S. bombing on later economic development in Vietnam. The Vietnam War featured the most …
Persistent link: https://www.econbiz.de/10005248868
The declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic, and Romania in the period since market-oriented reforms were initiated are analyzed. After reviewing developments in these three countries, the paper empirically investigates two questions that are...
Persistent link: https://www.econbiz.de/10008915640
In 1994, China began a profound reform of its state-owned enterprises (SOE). We first describe and characterize this progress in two areas: privatization of small state-owned enterprises (SOEs) at the county level and mass lay-offs of excess state workers at the city level. Local governments...
Persistent link: https://www.econbiz.de/10005792177
needs to continue economic and political reforms and improve the quality of the investment climate in order to attract FDI …. A peaceful resolution of the Transdniestrian conflict is of vital importance from the point of view of investment risks …
Persistent link: https://www.econbiz.de/10005695386
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10008646470
The old field of Comparative Economic Systems lacked a theoretical framework, which New Institutional Economics now provides. The paper is a brief guide to NIE: its strength, weaknesses, policy implications, and future tasks. The intellectual interest in the NIE approach is directly related to...
Persistent link: https://www.econbiz.de/10011052838
Employing panel data from 14 regions in Kazakhstan, this investigation aims to discover the effect of energy (point-source) and agricultural (diffuse) resource abundance on economic growth through institutional quality. A fixed effects panel data model and Roger's standard errors model are used...
Persistent link: https://www.econbiz.de/10011040276
We examine spatial spillovers in institutional development. Dependent variables are institutional measures reflecting …
Persistent link: https://www.econbiz.de/10011065890
Initial inequality in endowments and opportunities, together with low average levels of endowments, can create constituencies in a society that combine to paralyze reforms, even though the status quo hurts them collectively. Each constituency prefers reforms that expand its opportunities, but in...
Persistent link: https://www.econbiz.de/10005723093