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East Germany: Transition With Unification - Experiments and Experiences
Strauch, Rolf; von Hagen, Jürgen - C.E.P.R. Discussion Papers - 2000
East Germany remains unique among the transition economies. Soon after the fall of the Berlin Wall in 1989, it became part of the Federal Republic of Germany. German Union meant the transplantation of West Germany's legal, administrative and economic infrastructure to the five new Länder. The...
Persistent link: https://www.econbiz.de/10005124285
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Hansa vs Habsburg: Debt, Deficits and the Entry of Accession Countries into the Euro
Hughes Hallett, Andrew; Lewis, John - C.E.P.R. Discussion Papers - 2004
on debt dynamics for the eight new member states from Central and Eastern Europe. We find that the nominal Maastricht … achieve the fiscal criteria. Our results suggest all countries would find it harder to restrain debt growth within the euro …, but that the magnitude of this effect varies substantially across countries, as do the debt dynamics outside the euro. If …
Persistent link: https://www.econbiz.de/10005124072
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Privatization Methods and Economic Growth in Transition Economies
Bennett, John; Estrin, Saul; Maw, James; Urga, Giovanni - C.E.P.R. Discussion Papers - 2004
We investigate, using dynamic panel data techniques, the impact of differences in privatization methods, and in private sector and capital market development, on economic growth in transition economies. Mass privatization is found to be the only privatization method to have had a significant...
Persistent link: https://www.econbiz.de/10005067521
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Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies
Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2002
Although the theoretical literature has identified various sizeable benefits from foreign direct investment inflows (FDI), the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of economic growth of host countries. One reason for this...
Persistent link: https://www.econbiz.de/10005114268
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Poor Countries or Poor People? Development Assistance and the New Geography of Global Poverty
Kanbur, Ravi; Sumner, Andy - C.E.P.R. Discussion Papers - 2011
Two decades ago, 93% of the world’s poor lived in countries officially classified as Low Income (LICs). Now, 72% of the world’s poor live in Middle Income Countries (MICs). The dramatic shift has been brought about by fast growth in a number of countries with large populations. On present...
Persistent link: https://www.econbiz.de/10009207525
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Back to the Future: the Growth Prospects of Transition Economies Reconsidered
Campos, Nauro F - C.E.P.R. Discussion Papers - 2000
How many years will the average transition economy need to reach the income level of the average OECD country? The favoured methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...
Persistent link: https://www.econbiz.de/10005498184
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Rethinking the Effects of Financial Liberalization
Broner, Fernando A; Ventura, Jaume - C.E.P.R. Discussion Papers - 2010
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure...
Persistent link: https://www.econbiz.de/10008784713
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Geopolitics, Aid and Growth
Dreher, Axel; Eichenauer, Vera; Gehring, Kai - C.E.P.R. Discussion Papers - 2014
We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries’ political motives might reduce the effectiveness of conditionality, channel aid to inferior projects, reduce the aid bureaucracy’s effort, and change the power structure in...
Persistent link: https://www.econbiz.de/10011083419
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Financial Reforms and Capital Flows: Insights from General Equilibrium
Martin, Alberto; Ventura, Jaume - C.E.P.R. Discussion Papers - 2012
As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge …
Persistent link: https://www.econbiz.de/10011084650
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Skilled Immigration and Innovation: Evidence from Enrollment Fluctuations in U.S. Doctoral Programs
Maskus, Keith; Mobarak, Ahmed Mushfiq; Stuen, Eric T. - C.E.P.R. Discussion Papers - 2010
We study the contribution of foreign science and engineering talent to the creation of new knowledge in the U.S. economy using panel data on 2300 science and engineering (S&E) departments at 100 large American universities from 1973 to 1998. We use macroeconomic shocks and policy changes in...
Persistent link: https://www.econbiz.de/10008468708