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Do Foreign Direct Investments Increase the Economic Growth of Southeastern European Transition Economies?
Stanisic, Nenad - Volkswirtschaftliche Fakultät, … - 2008
There are two important effects of foreign direct investments (FDI) on a host economy: the effect on economic growth and the effect on export performances. Both economic features are important for the transition economies' prospects of European Union (EU) accession. After a short review of...
Persistent link: https://www.econbiz.de/10005789947
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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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Back to the Future: the Growth Prospects of Transition Economies Reconsidered
Campos, Nauro F - C.E.P.R. Discussion Papers - 2000
How many years will the average transition economy need to reach the income level of the average OECD country? The favoured methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...
Persistent link: https://www.econbiz.de/10005498184
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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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The Lag Structure of the Impact of Business Ownership on Economic Performance in OECD Countries
Carree, M.A.; Thurik, A.R. - Erasmus Research Institute of Management (ERIM), ERIM … - 2006
This paper investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21...
Persistent link: https://www.econbiz.de/10005288756
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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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Entrepreneurship Spillover and the determinants of Key Sectors for new business creation: An inter-sectorial approach
Massón-Guerra, José Luis; Vendrell-Ferrero, Ferran - Volkswirtschaftliche Fakultät, … - 2008
Whereas the knowledge spillover theory of entrepreneurship focuses on the diffusion of innovative output and knowledge … entrepreneurship dissemination or entrepreneurship spillover among sectors. From an adaptation of the model of input-output matrix … (Leontief, 1936; Dietzenbacher and Los, 2002) we develop a methodology that allows calculating the concept of entrepreneurship …
Persistent link: https://www.econbiz.de/10005787197