Showing 1 - 10 of 52
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10012477226
In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … behavior of local governments in Russia. First, capture by old firms, leading local governments to protect them from … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …
Persistent link: https://www.econbiz.de/10012471154
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...
Persistent link: https://www.econbiz.de/10012471245
In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...
Persistent link: https://www.econbiz.de/10012471283
real consumption for a select group of nations in Europe and some large countries like China and Russia, but lower in most …
Persistent link: https://www.econbiz.de/10012510589
limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish …
Persistent link: https://www.econbiz.de/10013191024
Recent sanctions on the use of Russia's international reserve assets seem likely to reduce the appeal of US dollar …
Persistent link: https://www.econbiz.de/10013191038
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
that affect the equilibrium exchange rate. The dynamic behavior of the ruble exchange rate following Russia's military …
Persistent link: https://www.econbiz.de/10013191103
We study the causal effect of social media on ethnic hate crimes and xenophobic attitudes in Russia using quasi …
Persistent link: https://www.econbiz.de/10012480511