Showing 1 - 10 of 130
This paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship … and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In … particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect …
Persistent link: https://www.econbiz.de/10005118761
societies, social relations, and capitalism. …
Persistent link: https://www.econbiz.de/10005407671
After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social preference system oriented towards equality and social justice, to be implemented without systemic constraints in the organizational and institutional sense. At the same...
Persistent link: https://www.econbiz.de/10005407732
The author argues that the doctrine of state supremacy in Africa suffered a crushing defeat at the hands of the collapse of export prices of African commodities in the late seventies, which undermined the ability of governments to support their expanded public sector. The author observes that...
Persistent link: https://www.econbiz.de/10005561041
, etc.) in Russia since the fall of Communism. The two primary theories are the credit crunch (liquidity constraint) theory …
Persistent link: https://www.econbiz.de/10005407675
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … to capture all the relevant information for inference on money and inflation in Russia. …
Persistent link: https://www.econbiz.de/10005412642
Fundamental sources of the Russian financial crisis in 1998 are discussed. Focus is made on the time horizon of judgements concerning sustainability of the economic policy. It is argued that the macroeconomic policy pursued by the monetary authorities was not robust in a medium run, but, in the...
Persistent link: https://www.econbiz.de/10005412647
In its first steps toward reform of its huge and hugely important railway system, the Russian Federation has begun corporate restructuring of a kind favored by many students of railway reform throughout the world: some kind of separation of the entity controlling the infrastructure from the...
Persistent link: https://www.econbiz.de/10005412919
Prices of repudiated bonds are insightful but scarcely observed. Based on an original daily database, this paper compares the price evolution from January 6, 1916 to August 31, 1919 of a cross-listed (Paris and London) Tsarist bond repudiated by the Soviets on February 8, 1918. After its...
Persistent link: https://www.econbiz.de/10005076557
The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …
Persistent link: https://www.econbiz.de/10005076844