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Regulatory Barriers & Entry in Developing Economies

Bennett, John; Estrin, Saul - William Davidson Institute, University of Michigan - 2006

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of … licence fees and bureaucratic delay. Because laissez faire leads to ‘excessive’ entry, a licence fee can increase welfare by … discouraging entry. However, in the presence of a licence fee, bureaucratic delay creates a strategic opportunity, which can result …

Persistent link: https://www.econbiz.de/10005677465

Policy, Economic Federalism & Product Market Entry: The Indian Experience

Bhaumik, Sumon; Gangopadhyay, Shubhasish; Krishnan, Shagun - William Davidson Institute, University of Michigan - 2006

Productivity growth has long been associated with, among others, contestability of markets which, in turn, is dependent on the ease with which potential competitors to the incumbent firms can enter the product market. There is a growing consensus that in emerging markets regulatory and...

Persistent link: https://www.econbiz.de/10005652599

Reforms, Entry and Productivity: Some Evidence from the Indian Manufacturing Sector

Bhaumik, Sumon Kumar; Gangopadhyay, Shubhashis; … - William Davidson Institute, University of Michigan - 2006

be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable …. Traditional research in the context of entry has explored the strategic reactions of incumbent firms when threatened by the … possibility of entry. However, following De Soto (1989), there has been increasing emphasis on regulatory and institutional …

Persistent link: https://www.econbiz.de/10005677739

Unlocking Productive Entrepreneurship in Ethiopia: Which Incentives Matter?

Brixiova, Zuzana; Asaminew, Emerta - William Davidson Institute, University of Michigan - 2010

Twenty years after the launch of market reforms, productive entrepreneurship and vibrant small and medium-sized enterprises (SMEs) in Ethiopia remain limited, the recent growth acceleration notwithstanding. This paper develops a model of entrepreneurial start ups in an economy with frictions in...

Persistent link: https://www.econbiz.de/10009001055

Corruption and Bureaucratic Structure in a Developing Economy

Bennett, JOhn; Estrin, Saul - William Davidson Institute, University of Michigan - 2006

We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem - when a foreign firm sinks an investment to provide infrastructure services. We focus on the structure of the economy’s bureaucracy, which can be centralized or decentralized,...

Persistent link: https://www.econbiz.de/10005677392

Competition and Corporate Governance in Transition

Estrin, Saul - William Davidson Institute, University of Michigan - 2001

This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, this...

Persistent link: https://www.econbiz.de/10005784683

The Determinants of Privatised Enterprise Performance in Russia

Estrin, Saul; Bevan, Alan A.; Kuznetsov, Boris; … - William Davidson Institute, University of Michigan - 2001

Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment: enterprise ownership; corporate governance; market structures and competition; and financial constraints....

Persistent link: https://www.econbiz.de/10005784792

Sensitivity of the Exporting Economy on the External Shocks: Evidence from Slovene Firms

Prašnikar, Janez; Bole, Velimir; Ahcan, Aleš; Koman, … - William Davidson Institute, University of Michigan - 2003

replacing stable buyers with new ones) and cost of reducing the production (compensation money for excess workers) and high re-entry …

Persistent link: https://www.econbiz.de/10005784805

Competition, Innovation and Growth in Transition: Exploring the Interactions between Policies

Aghion, Philippe; Carlin, Wendy; Schaffer, Mark - William Davidson Institute, University of Michigan - 2002

Transition has entailed the introduction of policies to stimulate product market competition, to establish effective corporate governance and to harden enterprise budget constraints. How do these policies interact? Are they substitute policy instruments or does one policy reinforce the effect of...

Persistent link: https://www.econbiz.de/10005207902

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - William Davidson Institute, University of Michigan - 2002

This paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...

Persistent link: https://www.econbiz.de/10005677517