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Shocks and rigidities as determinants of CEE labor markets' performance. A panel SVECM approach
Bukowski, Maciej; Koloch, Grzegorz; Lewandowski, Piotr - Volkswirtschaftliche Fakultät, … - 2008
In this paper the dynamic responses of labor markets to macroeconomic shocks in eight CEE countries are empirically …
Persistent link: https://www.econbiz.de/10005835482
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Are the Central European Stock Markets Still Different? A Cointegration Analysis
Rousova, Linda - Volkswirtschaftliche Fakultät, … - 2009
The Central European countries became members of the European Union (EU) in May 2004. Has their accession into the EU also resulted in a stronger financial integration with the global economy in general and with the "old" EU countries in particular? Based on a cointegration analysis applied to...
Persistent link: https://www.econbiz.de/10004998480
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Financial Development and Economic Growth in Poland in Transition: Causality Analysis
Gurgul, Henryk; Lach, Łukasz - Volkswirtschaftliche Fakultät, … - 2012
This study examines the causal relationship between economic growth and financial development in Poland on the basis of quarterly data for the period 2000 Q1–2011 Q4. In order to examine the impact of the 2008 financial crisis on the structure of financial sector-GDP links in Poland we...
Persistent link: https://www.econbiz.de/10011257877
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Financial development and economic growth in Poland in transition: causality analysis
Gurgul, Henryk; Łukasz, Lach - Volkswirtschaftliche Fakultät, … - 2011
The economic literature suggests that the efficient allocation of resources by the financial system speeds up economic development and reduces poverty. However, there are economists who find financial development to be the result of economic growth. This study examines causal relationship...
Persistent link: https://www.econbiz.de/10011258269
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Entrepreneurship in China: empirical results from two provinces
Krug, B.; Hendrischke, H. - Erasmus Research Institute of Management (ERIM), ERIM … - 2002
China therefore entrepreneurship depends crucially on the ability to establish firms, i.e. to find organisational forms for … entrepreneurship depends on mechanisms for co-ordinating individual or organisational behaviour of firms. These mechanisms were lacking … components of (private) entrepreneurship. One is the search for organisational forms conforming to the situational constraints …
Persistent link: https://www.econbiz.de/10005288618
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China Incorporated
Krug, B.; Hendrischke, H. - Erasmus Research Institute of Management (ERIM), ERIM … - 2001
The development of entrepreneurship and a private business sector in China pose various challenges to analysis. On the …
Persistent link: https://www.econbiz.de/10005288810
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Lobbying on Entry
Perotti, Enrico C; Volpin, Paolo - C.E.P.R. Discussion Papers - 2004
We develop a model of endogenous lobby formation in which wealth inequality and political accountability undermine entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10005662100
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Does Local Financial Development Matter?
Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2002
We study the effects of differences in local financial development within an integrated financial market. To do so, we construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By...
Persistent link: https://www.econbiz.de/10005667081
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Liberalization of European Telecommunications and Entrepreneurship: Why German and Portuguese Experiences are so Equal and so Different?
Leitão, João; Ferreira, João - Volkswirtschaftliche Fakultät, … - 2007
The paper aims to investigate the impact of the liberalization of European Telecommunications Markets, on the Business Ownership Rate, the Employment, the Gross Domestic Product, and the Investment in ICT, in two European countries: Germany and Portugal. For this purpose, a Cointegrated Vector...
Persistent link: https://www.econbiz.de/10005790304
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Bankruptcy Codes and Innovation
Acharya, Viral V; Subramanian, Krishnamurthy - C.E.P.R. Discussion Papers - 2007
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739