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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

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

Educational Inputs and Outcomes Before the Transition from Communism

Beirne, John; Campos, Nauro F - C.E.P.R. Discussion Papers - 2007

Conventional wisdom suggests that the stocks of human capital were one of the few positive legacies from communism. However, if factories under communism were so inefficient, why would the education system not have been? Using the education production function approach and new data on...

Persistent link: https://www.econbiz.de/10005666644

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

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

A Matching Model of Endogenous Growth and Underground Firms

Lisi, Gaetano; Pugno, Maurizio - Volkswirtschaftliche Fakultät, … - 2015

Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...

Persistent link: https://www.econbiz.de/10011212957

Entrepreneurship Education and Training in a Small Business Context: Insights from the Competence-based Approach

Lans, T.; Hulsink, W.; Baert, H.; Mulder, H.M. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008

entrepreneurship education research and practice. Although the concept has been the subject of strong debate in educational research in … general, critical analysis of how it has been used, applied and experienced in entrepreneurship education practice is scarce … discussing the concept. Subsequently, the implications of applying a competence-based approach in entrepreneurship education are …

Persistent link: https://www.econbiz.de/10005288364

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

The return-to-entrepreneurship puzzle

Hyytinen, Ari; Ilmakunnas, Pekka; Toivanen, Otto - Volkswirtschaftliche Fakultät, … - 2011

The returns to entrepreneurship are monetary and non-monetary. We offer new evidence on these returns using a large …

Persistent link: https://www.econbiz.de/10008924822

Financing Creative Destruction

Samaniego, Roberto - Volkswirtschaftliche Fakultät, … - 2009

This paper uncovers evidence of s potentially important channel linking financial development to growth: the financing of innovations introduced by entrepreneurs. Using internationally comparable data on European countries, entry and exit in research-intensive industries are found to be...

Persistent link: https://www.econbiz.de/10008565948