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Trade, product variety and welfare: A quantitative assessment for the transition economies in Central and Eastern Europe

Funke, Michael; Ruhwedel, Ralf - EconWPA - 2004

We calculate welfare gains of trade liberalization in the Central and East European transition economies, following the approach of Romer (1994), who emphasized that proper modeling of the impact of trade restrictions on the number of available product varieties is crucial to quantifying the...

Persistent link: https://www.econbiz.de/10005561124

The Romanian Economy in Transition: Developments and Future Prospects

Scrieciu, Serban; Winker, Peter - EconWPA - 2004

We address the macroeconomic developments experienced by Romania in a decade of transition towards a market driven society. We focus on a descriptive analysis with the intent of offering a clear and broad picture of the main aspects distinguishing the Romanian economy. The paper also discusses...

Persistent link: https://www.econbiz.de/10005561190

Russias financial markets boom, crisis and recovery 1995-2001, Lessons for Emerging Markets Investors

Sueppel, Ralph - EconWPA - 2002

From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery. This paper analyzes economic policy and data of the time to explain why fluctuations were so violent and to draw lessons for Emerging Markets investors as well as for...

Persistent link: https://www.econbiz.de/10005561251

Estimating the Size and Growth of Unrecorded Economic Activity in Transition Countries: A Re-evaluation of Electric Consumption Method Estimates and their Implications

Feige, Edgar L.; Urban, Ivica - EconWPA - 2003

It is widely acknowledged that underground (unrecorded) economic activities play a major role in transition economies. Evaluations of the success and failure of the transition experience should therefore be based on total economic activity [TEA], namely, the sum of recorded and unrecorded...

Persistent link: https://www.econbiz.de/10005561275

Do efficient banking sectors accelerate economic growth in transition countries?

Koivu, Tuuli - EconWPA - 2002

The relationship between financial sector and economic growth in transition countries has been largely ignored in the earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and unbalanced panel data from 25 transition countries during...

Persistent link: https://www.econbiz.de/10005561315

Export variety and economic growth in East European transition economies

Funke, Michael; Ruhwedel, Ralf - EconWPA - 2003

Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...

Persistent link: https://www.econbiz.de/10005561365

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

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

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

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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