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Regional Decentralization and the Soft Budget Constraint: The Case of China
Qian, Yingyi; Roland, Gérard - C.E.P.R. Discussion Papers - 1994
The majority of enterprises in China are controlled by local governments at the provincial, city, county, township and … lower-level governments of townships and villages in China. …
Persistent link: https://www.econbiz.de/10005124311
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Provincial Protectionism
Sonin, Konstantin - C.E.P.R. Discussion Papers - 2003
federal centre. The theory is supported by the recent experience of Russia, China, and Argentina. …
Persistent link: https://www.econbiz.de/10005792438
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Equalizing Wage Differences and Bargaining Power: Evidence from a Panel of French Firms
Cahuc, Pierre; Gianella, Christian; Goux, Dominique; … - C.E.P.R. Discussion Papers - 2002
In this paper, we develop a dynamic model of firm-level bargaining, along the lines of Manning (1993). In this context, we provide a firm level wage equation that explicitly accounts for firm heterogeneity. This wage equation explains inter-firm wage differentials by differences in labour...
Persistent link: https://www.econbiz.de/10005124297
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Trade Union Objectives and Economic Growth
Irmen, Andreas; Wigger, Berthold - C.E.P.R. Discussion Papers - 2001
A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds that of capitalists. We make this point in an overlapping...
Persistent link: https://www.econbiz.de/10005123702
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Economic Transition and Private-Sector Labor Demand: Evidence from Urban China
Iyer, Lakshmi; Meng, Xin; Qian, Nancy; Zhao, Xiaoxue - C.E.P.R. Discussion Papers - 2014
private sector in urban China. We show that a reform that untied access to housing in urban areas from working for the state …
Persistent link: https://www.econbiz.de/10011084427
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A Multilateral Payments Union for the Commonwealth of Independent States: Why and How?
Bofinger, Peter; Gros, Daniel - C.E.P.R. Discussion Papers - 1992
above all on Russia's ability to pursue non-inflationary monetary and fiscal policies. If this approach is not adopted and … to its members. While Russia, the prospective creditor, would have to be willing to provide a part of its multilateral … limit the burden to be borne by Russia. As the transition to world market prices for energy would lead to unsustainable …
Persistent link: https://www.econbiz.de/10005661562
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Options for a New Monetary Framework for the Area of the Soviet Union
Bofinger, Peter - C.E.P.R. Discussion Papers - 1991
The paper discusses alternative options for a future monetary order in the area of the Soviet Union. Its main focus is on two questions: Under what conditions would a common rouble currency area be compatible with fiscal discipline and effective financial control over the large numbers of...
Persistent link: https://www.econbiz.de/10005661619
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Domestic and Trade Policy for Central and East European Agriculture
Karp, Larry; Stefanou, Spiro - C.E.P.R. Discussion Papers - 1993
After a brief period of liberal agricultural policies, Central and East European (CEE) countries have begun to rely increasingly on price subsidies and trade restrictions. We outline the situation of CEE agriculture and describe current policies. Scarce government funds could be better used to...
Persistent link: https://www.econbiz.de/10005791494
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Redistributive Policy in a Transition Economy: The Case of Hungary
Jarvis, Sarah; Pudney, Stephen - C.E.P.R. Discussion Papers - 1995
This study examines the scope for redistributive government policies based on progressive income taxation and direct income transfers. We concentrate on the case of Hungary. We first survey recent developments in the economic circumstances of the household sector and changes in the Hungarian...
Persistent link: https://www.econbiz.de/10005792118
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An Exercise in Futility: East German Economic Growth and Decline, 1945-89
Ritschl, Albrecht - C.E.P.R. Discussion Papers - 1994
This paper assembles and reviews data on growth performance for East Germany. Conclusions are only tentative, as data reliability is still poor. Examining factor growth and total factor productivity performance, the paper arrives at three main conclusions. First, large-scale dismantling of...
Persistent link: https://www.econbiz.de/10005792463