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German Unification: Economic Problems and Consequences

Neumann, Manfred J.M. - C.E.P.R. Discussion Papers - 1991

Economic unification forced an unprecedented adjustment crisis on the East German economy. The revolutionary shock of the transformation of the economic order was reinforced by a real appreciation shock exceeding 50%, due to the immediate introduction of the Deutschmark. This paper examines in...

Persistent link: https://www.econbiz.de/10005791728

Financial Reform in Eastern Europe: Progress With the Wrong Model

Corbett, Jennifer; Mayer, Colin - C.E.P.R. Discussion Papers - 1991

Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the...

Persistent link: https://www.econbiz.de/10005791741

Avenues of Technology Transfer: Foreign Investment and Productivity Change in the Czech Republic

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1998

Firm-level data for the Czech Republic during 1992–6 suggest that foreign investment has tended to flow to firms of above average size, initial profitability and initial labour productivity. After controlling for this selection bias, we find that foreign investment has a positive, but...

Persistent link: https://www.econbiz.de/10005114387

Distance to the Efficiency Frontier and FDI Spillovers

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2004

and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the … from 1995-97 to 1998-2000. The distance to the frontier is, however, orders of magnitude greater in Russia than in the … Republic, however, this ‘negative spillover’ effect is diminished over time, whereas in Russia it continues to cause domestic …

Persistent link: https://www.econbiz.de/10005791421

Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2005

advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent …

Persistent link: https://www.econbiz.de/10005792168

After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry

Earle, John S; Estrin, Saul - C.E.P.R. Discussion Papers - 1997

This paper analyses the ownership structure emerging from the Russian privatization process, using information from a sample survey of 439 state and privately-owned manufacturing companies conducted in July 1994, just after the voucher programme was completed. The Russian ownership structure...

Persistent link: https://www.econbiz.de/10005136416

Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

A critical, but largely unexamined assumption in the debate over reform policy design, concerns the complementarity or substitutability of market competition and private ownership in increasing firm efficiency. We analyse a simple Cournot model that distinguishes two aspects of privatization...

Persistent link: https://www.econbiz.de/10005114270

Competition And Firm Performance: Lessons From Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2000

The 'big-bang' liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analysing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel data on 14,961 enterprises covering 75 percent of...

Persistent link: https://www.econbiz.de/10005661595