Showing 1 - 10 of 46
Persistent link: https://www.econbiz.de/10000949987
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/10005771113
This paper examines the role of institutions in economic growth and the role of the institutions created by the Russian state in particular. The author stresses the finding that growth-supporting institutions vary according to the level of economic development in a country. In a post-industrial...
Persistent link: https://www.econbiz.de/10009251252
This paper examines the impact of R&D expenditure and technology import on the level and the growth of productivity, as …–2003. We find clear-cut evidence indicating that firms with foreign participation have a productivity advantage over their … domestic counterparts. The expenditures on technology import not only have a direct and positive effect on productivity, but …
Persistent link: https://www.econbiz.de/10005207087
This paper provides an overview of the Chinese banking sector, which has expanded tremendously over the past two decades. We first describe aggregate developments of the sector and compare them to the situation in other countries. Also, various financial institutions that operate in China are...
Persistent link: https://www.econbiz.de/10009653398
This study examines how bank ownership influenced the credit supply during the recent financial crisis in Russia, where the banking sector consists of a mix of state-controlled banks, foreign-owned banks, and domestic private banks. To estimate credit supply changes, we employ an exhaustive...
Persistent link: https://www.econbiz.de/10009645239
We propose a generic oligopsony-oligopoly model to study bank behavior under uncertainty in developing countries. We derive a pricing structure that acknowledges market power in both the deposit and loan markets and identify two theoretical components to the loan rate: a rent extraction...
Persistent link: https://www.econbiz.de/10009649723
The recent financial crisis emphasised the need for effective financial stability analyses and tools for detecting systemic risk. This paper looks at assessment of banking sector resilience through stress testing. We argue such analyses are valuable even in emerging economies that suffer from...
Persistent link: https://www.econbiz.de/10009649724