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In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
rural Kenya using a panel of 1,266 households surveyed in 1997, 2000, and 2002. We find a strong correlation between working … adult death. The evidence indicates that rising adult mortality in rural Kenya is adversely affecting primary school …
Persistent link: https://www.econbiz.de/10005062404
this paper we use data from Kenya and Tanzania to estimate returns to education for manufacturing workers and examine how … in Kenya.We test for the importance of ability bias and find convexity robust to endogeneity. Treating education as an …
Persistent link: https://www.econbiz.de/10005118714
The note documents and discusses the modalities and consequences of the phenomenon of siphoning profits of state enterprises for private uses by state enteprise managers and insiders in Bulgaria during the period of early transition.
Persistent link: https://www.econbiz.de/10005076580
Persistent link: https://www.econbiz.de/10005076897
manufacturing sector after privatization. It starts with the argumentation that the most important actors in the post-privatization … ownership structure in the Czech Republic were investment privatization funds, followed by the state, and that the ‘rules of the … leads to the hypothesis that the concentration-restructuring function in the post- privatization Czech environment is …
Persistent link: https://www.econbiz.de/10005077013
We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization … consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …
Persistent link: https://www.econbiz.de/10005077066
In this paper we look at the specific features of the delayed privatization in Kosovo, emphasising in particular two … privatization in the early 1990s in a limited number of SOEs in the Gjakova region based on a survey of these enterprises, and iii …) the critical assessment of the privatization proposals and the challenges in continuing the ongoing privatization process …
Persistent link: https://www.econbiz.de/10005124985
concentration and bidding competition decrease in the privatized sector may have outweighed eventual gains coming from privatization …. On the other hand, the threat that privatization may represent for public unit managers may have stimulated them to … recent privatization are associated with lower costs. Instead, old privatization is not associated with lower costs. …
Persistent link: https://www.econbiz.de/10005125882
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348