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capital markets in Central European economies do not seem to actually inhibit the growth of Central European transition … transition economies studied, but they provide quite a large amount of financing and do so from a remarkably early stage of the …
Persistent link: https://www.econbiz.de/10005677689
We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...
Persistent link: https://www.econbiz.de/10005784666
. Furthermore, unlike the early transition period, we can confirm that employment adjusts to positive sales growth, not just to …This paper examines the determinants of employment changes using a panel of Polish large firms during the period 1996 …-2001. We investigate the impact of wages, output growth, investment, firm size and sectors upon employment, focusing on the …
Persistent link: https://www.econbiz.de/10005489887
, Northern and Western Siberian regions of Russia, this paper examines the hypotheses that in the first stage of the transition … process (1) Russian industry exhibited a low labor elasticity, and (2) employment changes were highly correlated with … ownership structure. The first section summarizes what we know about output and employment patterns in Russian industry between …
Persistent link: https://www.econbiz.de/10005652629
The goal of integrated risk management in a financial institution is to measure and manage risk and capital across a range of diverse business activities. This requires an approach for aggregating risk types (market, credit, and operational) whose distributional shapes vary considerably. In this...
Persistent link: https://www.econbiz.de/10002101503
We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large privatised companies in Hungary and Poland for the period 1998 – 2000. The Bayesian analysis using Gibbs sampling is carried out to obtain inferences about the sample companies’...
Persistent link: https://www.econbiz.de/10005677539
We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We compare firms which are members of official Financial Industrial Groups and/or are owned by a large Russian bank with a control set of large firms categorized by dispersed ownership...
Persistent link: https://www.econbiz.de/10005677603
We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China’s reform between 1988 and 2002. We pay special attention to the changing role of sorting by ability versus budget-constraint effects as China’s education policy...
Persistent link: https://www.econbiz.de/10005652593
Weather is a key source of income risk, particularly in emerging market economies. This paper uses a randomized controlled trial involving a sample of Indian farmers to study how an innovative rainfall insurance product affects production decisions. We find that insurance provision induces...
Persistent link: https://www.econbiz.de/10011027207
China's reform worked and produced one of the most impressive growth in the largest developing and transition economy … developing and transition economy that has great growth potential, it is not enough to study the conventional "best … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China's reform is a serial …
Persistent link: https://www.econbiz.de/10005207885