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Convergence in Output in Transition Economies Central & Eastern Europe, 1970-1995
Estrin, Saul; Urga, Geovanni - William Davidson Institute, University of Michigan - 1997
growth path in the ex-communist block, both pre- and post-reform. We test whether there has been convergence within the block … and between the block as a group and the West. Surprisingly, there is little evidence of convergence within the communist … region under the communists. There is also little evidence of convergence with respect to the West, either 1970-1990 or under …
Persistent link: https://www.econbiz.de/10005677733
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Myths about Beta-Convergence
Gluschenko, Konstantin - William Davidson Institute, University of Michigan - 2012
A popular methodology of studying spatial income inequality is analysis of beta-convergence (i.e. an inverse … growth theory predicts income convergence among economies (countries or regions within a country), and that beta-convergence …
Persistent link: https://www.econbiz.de/10010604579
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Virtual Reality: Barter and Restructuring in Russian Industry
Krueger, Gary; Linz, Susan J. - William Davidson Institute, University of Michigan - 2000
A general consensus in the transition economies literature links the existence of enterprise restructuring with the pace of the transition process and the potential for economic growth. The existing literature is less clear, however, about whether the lack of economic growth is caused by the...
Persistent link: https://www.econbiz.de/10005652641
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Barter in Russia: Liquidity Shortage versus Lack of Restructuring
Brana, Sophie; Maurel, Mathilde - William Davidson Institute, University of Michigan - 1999
The rapid growth of barter is one of the most surprising phenomena in Russia: As a percentage of industrial sales it steadily increased from 5% in 1992 to nearly 55% in 1998. Unknown in CEEC's transition countries, barter is only one aspect of the Russian economy's demonetisation [process, along...
Persistent link: https://www.econbiz.de/10005784797
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Distribution Dynamics of Russian Regional Prices
Gluschenko, Konstantin - William Davidson Institute, University of Michigan - 2013
. The pattern of quantity mobility manifests neither convergence nor divergence of regional prices. However, a long …-run price distribution has an unpleasant feature, predicting potential emergence of a price convergence club in the Russian Far …
Persistent link: https://www.econbiz.de/10011161376
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Russia from Bust to Boom: Oil, Politics or the Ruble?
Merlevede, Bruno; Schoors, Koen; Aarle, Bas van - William Davidson Institute, University of Michigan - 2004
This paper develops and estimates a small macroeconomic model of the Russian economy. The model is tailored to analyze the impact of the oil price, the exchange rate, and political stability on economic performance. The model does very well in explaining Russia’s economic history in the period...
Persistent link: https://www.econbiz.de/10005677573
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Modeling transition in Central Asia: the Case of Kazakhstan
DUFRENOT, Gilles; OSPANOVA, Adelya; SAND-ZANTMAN, Alain - William Davidson Institute, University of Michigan - 2010
This paper presents a small macro-econometric model of Kazakhstan to study the impact of various economic policies. It uses a new approach to test the existence of a level relationship between a dependent variable and a set of regressors, when the characteristics of the regressors’...
Persistent link: https://www.econbiz.de/10009001044
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Transition in Russia: It's Happening
Berkowitz, Daniel; DeJong, David; Husted, Steven - William Davidson Institute, University of Michigan - 1997
Working with 110 pairs of time series of state and market commodity prices in Russia, we search for signs of transition in Russia from a command to a market economy. Beginning with inter-city comparisons of state and market prices, we find that differences in the levels of these prices have...
Persistent link: https://www.econbiz.de/10005652540
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Nominal and Real Convergence in Estonia: The Balassa-Samuelson (dis)connection
Égert, Balázs - William Davidson Institute, University of Michigan - 2003
The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa …
Persistent link: https://www.econbiz.de/10005207900
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Deindustrialisation and Structural Change During the Post-Communist Transition
Mickiewicz, Tomasz; Zalewska, Anna - William Davidson Institute, University of Michigan - 2001
The aim of this paper is to model the evolution of employment structure in post-communist economies in the broader context of deindustrialisation. The paper builds on the model of structural change developed by Rowthorn and Wells (1987). We show that the starting point of high industry sector...
Persistent link: https://www.econbiz.de/10005677406