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The Inequality of Influence
Hellman, Joel; Kaufmann, Daniel - EconWPA - 2003
This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business … resulting inequality as crony bias in the political system that can be measured at both the firm and country level. We examine … consistent pattern in which the inequality of influence has a strongly negative impact on assessments of public institutions that …
Persistent link: https://www.econbiz.de/10005407672
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Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?
Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel - EconWPA - 2003
Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...
Persistent link: https://www.econbiz.de/10005407674
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Inflationary Bias in Mid to Late Transition Czech Republic
Filer, Randall K.; Hanousek, Jan - EconWPA - 2003
A series of studies confirm results presented Filer and Hanousek (2000) suggesting that mismeasurement of inflation during the transition is a serious problem, on the same relative order of magnitude (and greater in absolute magnitude) as in advanced market economies. Overall, inflation has been...
Persistent link: https://www.econbiz.de/10005407678
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Substitution Biases in Price Indexes during Transition
Hanousek, Jan; Filer, Randall K. - EconWPA - 2003
The rapidly changing environment of the transition may create special problems for calculation of index numbers that require a fixed basket of goods and retail outlets. Using referent-level data we find that fixed- weight Laspeyres index on average overstated cost of living increases by...
Persistent link: https://www.econbiz.de/10005407705
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Measuring Governance, Corruption and State Capture: How Firms and Bureaucrats Shape the Business Environment in Transition Economies
Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel; … - EconWPA - 2003
Recent studies have focussed on the characteristics and policies of the state to explain the extent and causes of corruption, with little attention paid to the role played by firms. Consequently, the links between corporate governance and national governance have been unexplored. This paper...
Persistent link: https://www.econbiz.de/10005407751
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Openness and Growth in Central-Eastern European Countries
Capolupo, Rosa; Celi, Giuseppe - EconWPA - 2005
We present evidence of the relationship between trade-openness and growth in the sample of former communist countries before and after the transition from a central planned economy (CPE) to a market economy by applying standard OLS and panel estimation techniques. The main finding is that during...
Persistent link: https://www.econbiz.de/10005408258
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"EMU and Enlargement: A Review of Policy Issues"
Souza, Lucio Vinhas de; Eden, Holger van; Groot, Albert de - EconWPA - 2001
This report is the final output of the study "Economic and Monetary Union and Enlargement" commissioned by the Directorate-General for Research of the European Parliament in May 1999. An Interim Report was provided in September 1999. The report reviews the mains policy issues concerning the...
Persistent link: https://www.econbiz.de/10005412620
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Choice of ownership structure and firm performance: Evidence from Estonia
Jones, Derek C.; Kalmi, Panu; Mygind, Niels - EconWPA - 2003
In this paper we use rich panel data for a representative sample of Estonian enterprises to analyse diverse issues related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine whether ownership changes are related to economic...
Persistent link: https://www.econbiz.de/10005412700
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Exchange Rate Regimes and Nominal Convergence in the CEECs
Järvinen, Marketta - EconWPA - 2002
This paper examines, in the context of future EMU membership of the Central and Eastern European countiries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL)....
Persistent link: https://www.econbiz.de/10005076688
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The Dynamics of Currency Substitution, Asset Substitution and De facto Dollarization and Euroization in Transition Countries
Feige, Edgar L. - EconWPA - 2003
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries. Estimates of the amount of foreign currency in circulation (FCC) in transition countries are used to develop a new comprehensive dollarization index (CDI) and separate indices...
Persistent link: https://www.econbiz.de/10005076758