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Brown Growth, Green Growth, and the Efficiency of Urbanization
Quaas, Martin F.; Smulders, Sjak - CESifo - 2012
We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of …’). If, however, production becomes cleaner over time (‘green growth’) the equilibrium urbanization path reaches the … efficient urbanization path after finite time without need of a coordinating mechanism. The results may be generalized to take …
Persistent link: https://www.econbiz.de/10010599729
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The Business Environment in the Transition
Carlin, Wendy; Schaffer, Mark - CESifo - 2012
Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using … formerly planned economies with those in economies outside transition, we document not only the challenges faced by transition …
Persistent link: https://www.econbiz.de/10010877887
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Reform, Uncertainty and Spillovers - A Gravity Model Approach
Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10009651184
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How I Learned to Stop Worrying and Love the Crisis
Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10009645638
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Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Egert, Balázs - CESifo - 2007
economic convergence may push up inflation rates in transition economies. Cyclical effects and regulated prices are found to be … exchange rate plays a prominent (but declining) role in transition economies. …
Persistent link: https://www.econbiz.de/10005765781
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Neutral Taxation of Shareholder Income? Corporate Responses to an Announced Dividend Tax
Alstadsæter, Annette; Fjaerli, Erik - CESifo - 2009
The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a large panel of non-listed corporations, with a surge of...
Persistent link: https://www.econbiz.de/10005765924
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The Assignment of Powers in an Open-ended European Union
Salmon, Pierre - CESifo - 2003
A major characteristic of the European Union is its transitional or evolving nature, in particular with regard to the assignment of powers between the two main levels of government. More precisely, under current constitutional arrangements, this evolving nature takes the form of an integration...
Persistent link: https://www.econbiz.de/10005766218
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Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable
Egert, Balazs; MacDonald, Ronald - CESifo - 2006
This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...
Persistent link: https://www.econbiz.de/10005094342
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Disorganization and Financial Collapse
Marin, Dalia; Schnitzer, Monika - CESifo - 2000
, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine …
Persistent link: https://www.econbiz.de/10005181229
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Modeling Institutions, Start-Ups and Productivity during Transition
Brixiova, Zuzana; Egert, Balazs - CESifo - 2010
The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer … during transition rises in countries where reforming institutions is particularly costly. …
Persistent link: https://www.econbiz.de/10008572571