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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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Кластерные стратегии и кластерные инициативы: перспективы и факторы эффективной кластеризации
Filippova, Irina; Mindlin, Yuri - Volkswirtschaftliche Fakultät, … - 2013
successful clustering is the development of entrepreneurship, and the expected result (i.e. the purpose of cluster initiatives … potential of entrepreneurship’s development. It allows not only to substantiate the thesis about the dominant influence of … social factors but also to reveal the implicit contradiction between the social and economic aspects of entrepreneurship able …
Persistent link: https://www.econbiz.de/10011260732
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The Locus of Innovation in Small and Medium-sized Firms: The Importance of Social Capital and Networking in Innovative Entrepreneurship
Hulsink, W.; Elfring, T.; Stam, W. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
Social networks matter in the innovation processes of young and small firms, since ‘innovation does not exist in a vacuum (Van De Ven, 1986: 601).’ The contacts a firm has could both generate advantages for further innovation and growth, and disadvantages leading to inertia and...
Persistent link: https://www.econbiz.de/10005288607
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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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Out of Sight, Out of Mind: Migration, Entrepreneurship and Social Capital
Wahba, Jackline; Zenou, Yves - C.E.P.R. Discussion Papers - 2009
The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for human and physical capital...
Persistent link: https://www.econbiz.de/10008558595