Similar Search Results

Determinants of International Activity: Evidence from the Chemical Industry

Fosfuri, Andrea - C.E.P.R. Discussion Papers - 2004

This Paper empirically investigates two important determinants of international activity through wholly owned operations, joint-ventures and licensing, namely country risk and IPRs protection. Using a comprehensive database on investments in chemical plants during the period 1981-96, we show...

Persistent link: https://www.econbiz.de/10005504443

Business Cycles in Emerging Economies: The Role of Interest Rates

Neumeyer, Pablo Andrés; Perri, Fabrizio - C.E.P.R. Discussion Papers - 2004

We find that in a sample of emerging economies business cycles are more volatile than in developed ones, real interest rates are countercyclical and lead the cycle, consumption is more volatile than output and net exports are strongly countercyclical. We present a model of a small open economy,...

Persistent link: https://www.econbiz.de/10005656244

Global crises and equity market contagion

Bekaert, Geert; Ehrmann, Michael; Fratzscher, Marcel; … - C.E.P.R. Discussion Papers - 2011

Using the 2007-2009 financial crisis as a laboratory, we analyze the transmission of crises to country-industry equity portfolios in 55 countries. We use an asset pricing framework with global and local factors to predict crisis returns, defining unexplained increases in factor loadings as...

Persistent link: https://www.econbiz.de/10009148883

What do Russians think about transition?

Denisova, Irina; Eller, Markus; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2009

We use data from the 2006 round of the Russian Longitudinal Monitoring Survey (RLMS) to describe perceptions of the Russian population about the transition process and the role of the state compared to that of free markets. We find that about one half of Russian population is disappointed with...

Persistent link: https://www.econbiz.de/10008506841

Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2003

Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … Russia displayed job flow behaviour quite different from market economies, with very low rates of job reallocation that bear … reforming Russia than in ‘gradualist’ Ukraine, as did the estimated effects of privatization and competitive pressures from …

Persistent link: https://www.econbiz.de/10005123720

Are Russian Commercial Courts Biased? Evidence from a Natural Bankruptcy Experiment

Lambert-Mogiliansky, Ariane; Sonin, Konstantin; … - C.E.P.R. Discussion Papers - 2006

We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in …

Persistent link: https://www.econbiz.de/10005123934

Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia

Richter, Kaspar - C.E.P.R. Discussion Papers - 2000

of changes in government cash benefits on poverty rates in Russia during 1994 to 1998. The methodological contribution is …

Persistent link: https://www.econbiz.de/10005124403

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

The Credit Squeeze During Russia's Early Transition: A Bank-Based View

Schoors, Koen - C.E.P.R. Discussion Papers - 1999

Russia's early transition is characterised by one of the most dramatic credit expansions and inflation experiences in … recent history. As a consequence, Russia has been involved in a protracted inflation stabilisation effort. This paper … transmission might have caused a credit crunch in Russia. To analyse Russia's monetary stance from the point of view of the lending …

Persistent link: https://www.econbiz.de/10005136506

The Distributional Consequences of Russia's Transition

Doyle, Christopher - C.E.P.R. Discussion Papers - 1993

This paper considers the distributional consequences of the reform programme in Russia. Although a small fraction of …

Persistent link: https://www.econbiz.de/10005498039