Showing 1 - 10 of 129
In 1994, China began a profound reform of its state-owned enterprises (SOE). We first describe and characterize this … progress in two areas: privatization of small state-owned enterprises (SOEs) at the county level and mass lay-offs of excess … politically sensible ways. We then argue that privatization, Chinese style, rests on an adequate economic and political foundation …
Persistent link: https://www.econbiz.de/10005792177
This paper discusses the potential role of a Euro-Mediterranean Agreement (EMA) in helping Middle East and North African governments implement structural economic reforms. The arguments for and against preferential liberalization are summarized, identifying a number of necessary conditions for...
Persistent link: https://www.econbiz.de/10005136673
We use time-series methods to estimate a simple aggregate supply and demand model in order to analyse the comparative performance of fixed and flexible exchange rate systems and test competing hypotheses designed to explain shifts between exchange rate regimes. The paper provides a coherent...
Persistent link: https://www.econbiz.de/10005136700
This paper empirically tests the link between trade openness and enterprise restructuring in Bulgaria. It belongs to a …
Persistent link: https://www.econbiz.de/10005662077
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...
Persistent link: https://www.econbiz.de/10008921773
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in banks’ lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...
Persistent link: https://www.econbiz.de/10009024484
examines the impact of the privatization of kibbutzim on fertility behavior among members. We find that fertility declined by 6 …-15 percent following the shift to privatization. In light of the massive change in financial costs associated with childbearing … due to privatization, our results suggest that financial considerations may be a more modest factor in fertility decisions …
Persistent link: https://www.econbiz.de/10009367434
privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …
Persistent link: https://www.econbiz.de/10009351519
. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with … difference-in-difference-in-difference approach. The results indicate that privatization and the associated increase in …
Persistent link: https://www.econbiz.de/10011084097
This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …
Persistent link: https://www.econbiz.de/10009399719