Similar Search Results

Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A Close Encounter of the Third Kind?

Égert, Balázs - William Davidson Institute, University of Michigan - 2005

only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …

Persistent link: https://www.econbiz.de/10005652674

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

Liberalization, Corporate Governance, and the Performance of Newly Privatized Firms

Boubakri, Narjess; Cosset, Jean-Claude; Guedhami, Omrance - William Davidson Institute, University of Michigan - 2001

This paper seeks to provide an answer to the following question, namely when and how does privatization work? Using a unique sample of 201 firms headquartered in 32 developing countries, we document a significant increase in profitability, efficiency, investment and output. Next, using...

Persistent link: https://www.econbiz.de/10005652594

Does Reform Work? An Econometric Examination of the Reform-Growth Puzzle

Babetskii, Ian; Campos, Nauro - William Davidson Institute, University of Michigan - 2006

Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalised uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...

Persistent link: https://www.econbiz.de/10005652648

CAPITAL ACCOUNT LIBERALIZATION AND EXCHANGE RATE REGIME CHOICE, WHAT SCOPE FOR FLEXIBILITY IN TUNISIA?

Sami, BEN ALI Mohamed - William Davidson Institute, University of Michigan - 2006

Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study … welfare-related criterion by minimising a loss function defined in terms of external competitiveness and domestic inflation …. Simulations outcomes reveal that capital account liberalization in the Tunisian economic context is compatible with a flexible …

Persistent link: https://www.econbiz.de/10005784612

Economic Reform, Democracy and Growth During Post-Communist Transition

Fidrmuc, Jan - William Davidson Institute, University of Michigan - 2001

This paper explores interactions between growth, economic liberalization and democratization during transition. The … results can be summarized as follows: (1) Liberalization has a strong positive effect on growth during transition (also when … controlling for endogeneity of liberalization in growth). (2) Democracy facilitates economic liberalization. (3) Because of its …

Persistent link: https://www.econbiz.de/10005784759

International Coercion, Emulation and Policy Diffusion: Market-Oriented Infrastructure Reforms, 1977-1999

Henisz, Witold J.; Zelner, Bennet A.; Guillen, Mauro F. - William Davidson Institute, University of Michigan - 2004

Why do some countries adopt market-oriented reforms such as deregulation, privatization and liberalization of …

Persistent link: https://www.econbiz.de/10005784793

Explaining Postcommunist Economic Performance

King, Lawrence P. - William Davidson Institute, University of Michigan - 2003

and extensive price and trade liberalization, stringent monetary and fiscal stabilization, and the implementation of a …

Persistent link: https://www.econbiz.de/10005784804

Equilibrium Real Exchange Rates in Central Europe's Transition Economies: Knocking on Heaven's Door

Égert, Balázs - William Davidson Institute, University of Michigan - 2002

The purpose of this paper is to study the equilibrium real exchange rate (ERER) in 5 CEE transition economies, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia. In so doing, we combine the fundamental equilibrium exchange rate (FEER) approach developed by Williamson (1994) with...

Persistent link: https://www.econbiz.de/10005207893

Nominal and Real Convergence in Estonia: The Balassa-Samuelson (dis)connection

Égert, Balázs - William Davidson Institute, University of Michigan - 2003

inflation differential and the real appreciation of the exchange rate against Finland, Sweden, Germany and the UK shows that … whereas the inflation differential attributable to the B-S effect seems to be higher in the early 1990s, it explains better …

Persistent link: https://www.econbiz.de/10005207900