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Culture Rules: The Foundations of the Rule of Law and Other Norms of Governance

Licht, Amir N.; Goldschmidt, Chanan; Schwartz, Shalom H. - William Davidson Institute, University of Michigan - 2003

This study presents evidence about relations between national culture and social institutions. We operationalize culture with data on cultural dimensions for over 50 nations adopted from cross-cultural psychology and generate testable hypotheses about three basic social norms of governance: the...

Persistent link: https://www.econbiz.de/10005652615

Assessing Mondragon: Stability & Managed Change in the Face of Globalization

Arando, Saioa; Freundlich, Fred; Gago, Monica; Jones, … - William Davidson Institute, University of Michigan - 2010

By drawing on new interview evidence gathered during several field trips and new financial and economic data from both external and internal sources, we document and assess the changing economic importance and performance of the Mondragon group of cooperatives as well as the two largest sectors...

Persistent link: https://www.econbiz.de/10009001050

Returns to Schooling in Russia and Ukraine: A Semiparametric Approach to Cross-Country Comparative Analysis

Gorodnichenko, Yuriy; Peter, Klara Sabirianova - William Davidson Institute, University of Michigan - 2004

n Russia and Ukraine (1985-2002). There has been an increase in returns to schooling in both countries but the increase is much bigger in Russia than in Ukraine. The intriguing question is why returns to schooling in Russia and Ukraine diverged so much over the transition period while the skill...

Persistent link: https://www.econbiz.de/10005652616

The Incidence and Cost of Job Loss in a Transition Economy: Displaced Workers in Estonia, 1989-1999

Lehmann, Hartmut; Phillips, Kaia; Wadsworth, Jonathan - William Davidson Institute, University of Michigan - 2002

We examine the pattern and costs of worker displacement in one of the more reform- oriented transition countries, Estonia, as the transition process develops. Using Labour Force Survey data covering the period 1989-1999, we show that after the initial shock, displacement rates in Estonia have...

Persistent link: https://www.econbiz.de/10005677686

Law, Relationship, and Private Enforcement: Transactional Strategies of Russian Enterprise

Hendley, Kathryn; Murrell, Peter; Ryterman, Randi - William Davidson Institute, University of Michigan - 1998

We examine how Russian enterprises do business with one another, focusing on the strategies used to obtain efficiency and predictability in their transactions. Using survey data, the paper analyzes the relative importance of relational contracting, self-enforcement, enterprise networks, private...

Persistent link: https://www.econbiz.de/10005677724

Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States

Chobanov, Peter; Lahiani, Amine; Nenovsky, Nikolay - William Davidson Institute, University of Michigan - 2010

When the first phase of the crisis focused primarily on the interbank market volatility, the second phase spread on the instability of public finance. Although the overall stance of public finances of the new members is better than the old member countries, the differences within the new group...

Persistent link: https://www.econbiz.de/10009001053

EU Enlargement and Monetary Regimes from the Insurance Model Perspectives

Nenovsky, Nikolay - William Davidson Institute, University of Michigan - 2010

Some ten years ago, Michael Dooley (Dooley, 1997; Dooley, 2000) put forward an insurance model of currency crises, which after some modifications gives a good theoretical basis for explanation of the overall dynamics of the post communist transformation and diversity across countries and periods....

Persistent link: https://www.econbiz.de/10009001054

From Prosperity to Depression: Bulgaria and Romania (1996/97 – 2010)

NENOVSKY, Nikolay; TOCHKOV, Kiril; TURCU, Camelia - William Davidson Institute, University of Michigan - 2011

Bulgaria and Romania are neighbouring countries, which have always been rivals. Following the decision on EU … enlargement to include Bulgaria and Romania (late 1999) and with membership negotiations already started (2004), the race between … its discretionary monetary policy and since 2005 has moved to inflation targeting, Bulgaria made an abrupt turn in mid …

Persistent link: https://www.econbiz.de/10010545916

THE EFFECTS OF NETWORK’S STRUCTURAL HOLES: POLYCENTRIC INSTITUTIONS, PRODUCT PORTFOLIO, AND NEW VENTURE GROWTH IN CHINA AND RUSSIA

Batjargal, Bat - William Davidson Institute, University of Michigan - 2012

This study examines the effect of network’s structural holes, i.e., the absence of a link between two contacts who are both linked to an actor, on product development and profit growth of software ventures in two different institutional contexts of China and Russia. Using interview data of 159...

Persistent link: https://www.econbiz.de/10010552176

An Impact Analysis of Microfinance in Bosnia and Herzegovina

Hartarska, Valentina; Nadolnyak, Denis - William Davidson Institute, University of Michigan - 2007

This paper applies the financing constraint approach to study whether microfinance institutions improved access to credit for microenterprises in Bosnia and Herzegovina. According to this approach, microenterprises with improved assess to credit rely less on internal funds for their investments....

Persistent link: https://www.econbiz.de/10005784621