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While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10012471103
Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households...
Persistent link: https://www.econbiz.de/10012472348
This paper examines alternative hypotheses concerning the determinants of success in the transition from Communism to the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more important in explaining the growth of the transition...
Persistent link: https://www.econbiz.de/10012466679
We use book translations as a new measure of international idea flows and study the effects of Communism's collapse in Eastern Europe on these flows. Using novel data on 800,000 translations and difference-in-differences approaches, we show that while translations between Communist languages...
Persistent link: https://www.econbiz.de/10012458641
continued opening of markets to domestic and foreign competition, privatisation of state-owned firms and increased levels of …
Persistent link: https://www.econbiz.de/10012461426
This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic … environmental regulations faced by firms are positively associated with a greater probability of reducing COD emissions; also, there … regulations also account for the sharp decline in firms' profits, capital, and labor. After executing a complete chain of tests of …
Persistent link: https://www.econbiz.de/10012480484
This paper develops and tests a model in which 1) purpose-driven firms emerge as an optimal organizational form even … their responsible workers, and in turn engage in CSR through self-regulation, provided that regulatory oversight is poor … enough - and hence regulation is loose enough - to make self-regulation worthwhile. The key prediction of the model is a …
Persistent link: https://www.econbiz.de/10012482378
We study a model in which corporate social responsibility (CSR) arises as a response to inefficient regulation. In our … model, firms, governments, and workers interact. Firms generate profits but create negative spillovers that can be … attenuated through government regulation, which is set endogenously and may or may not be socially optimal. Governments may …
Persistent link: https://www.econbiz.de/10012457304
Persistent link: https://www.econbiz.de/10000888282
Persistent link: https://www.econbiz.de/10000109378