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advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … efficiency frontier is much larger than that of the Czech firms and continued to grow for most firms beyond 1997 while remaining …
Persistent link: https://www.econbiz.de/10005677460
and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the … change from 1995-1997 to 1998-2000. However, the distance to the frontier is orders of magnitude greater in Russia than in … distance of domestic firms to the frontier grew (in all parts of the distribution) from 1992-1994 to 1995-1997 and did not …
Persistent link: https://www.econbiz.de/10005652515
It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as … 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were … able to eliminate the performance/efficiency gap that existed between them and domestic private sector and foreign banks. …
Persistent link: https://www.econbiz.de/10005677497
This paper analyzes the effects of ownership structure on corporate environmental performance and examines the link … from financial performance to environmental performance in a transition economy. In particular, it analyzes these ownership … ownership and various types of private ownership, while contrasting concentrated and diffuse forms of private ownership …
Persistent link: https://www.econbiz.de/10005489933
The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa … for the period 1993:Q1 to 2002:Q1 to show that the productivity differential is related to the GDP-deflator relative price …: we show that excluding regulated prices makes it possible to detect a robust relationship between productivity and the …
Persistent link: https://www.econbiz.de/10005207900
How do economic policies and institutions affect job reallocation processes and their consequences for productivity … Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … Russia displayed job flow behavior quite different from market economies, with very low rates of job reallocation that bore …
Persistent link: https://www.econbiz.de/10005207903
A well-developed financial intermediation industry increases domestic savings, efficiently allocates investment resources to the most productive uses in the economy and increases the rate of economic growth. In the Soviet economy the banking system served as a means of collecting household...
Persistent link: https://www.econbiz.de/10005652557
The principal argument for subsidizing foreign investment, especially in developing and transition economies, is the assumed spillover of technology to local firms. Yet researchers report mixed results on spillovers. To examine the phenomenon in a systematic way, we collected 3,626 estimates...
Persistent link: https://www.econbiz.de/10009001051
not depend on the local firms’ distance to the productivity frontier. However, there are positive spillovers on process …Does FDI affect productivity growth, innovation, and knowledge sourcing activities of domestic firms? This study … of FDI entry on local incumbents’ TFP and labour productivityg rowth in the short term. The effect on productivity does …
Persistent link: https://www.econbiz.de/10008606473
. Finally, State ownership implies lower levels of productivity, but does not hinder the capacity to respond to market …The impact of FDI on total factor productivity in Hungary during the 1990s' is assessed with a large enterprise panel …. Foreign equity is associated with higher productivity levels and has a substantial, positive spillover effect on aggregate TFP …
Persistent link: https://www.econbiz.de/10005784803