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Entrepreneurial Incentives in Stock Market Economies
Acharya, Viral V; Bisin, Alberto - C.E.P.R. Discussion Papers - 2002
A Capital Asset Pricing Model of a stock market economy is examined under different corporate governance structures in which the objectives of managers and entrepreneurs in choosing the risk composition of their firms' returns are not aligned with those of shareholders and investors because of...
Persistent link: https://www.econbiz.de/10005124325
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What do Russians think about transition?
Denisova, Irina; Eller, Markus; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2009
Russian population about the transition process and the role of the state compared to that of free markets. We find that about … one half of Russian population is disappointed with transition and a large majority is in favor of high state regulation …
Persistent link: https://www.econbiz.de/10008506841
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Income, resources, and electricity mix
Burke, Paul J. - Research School of Economics, College of Business and … - 2010
This paper presents evidence on a national-level electricity ladder which sees countries transition toward coal and …
Persistent link: https://www.econbiz.de/10008515763
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A Macro-Theoretic Model of the Chinese Economy
Dixon, Huw David - C.E.P.R. Discussion Papers - 1996
A stylized model of the Chinese economy is developed with three production sectors: agriculture, non-traded industrial goods, and industrial exports. The state purchases food from farmers by dual-track pricing; urban food sales are subsidized through ration coupons. Marginal prices clear markets...
Persistent link: https://www.econbiz.de/10005123495
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Disorganization and Financial Collapse
Marin, Dalia; Schnitzer, Monika - C.E.P.R. Discussion Papers - 1999
, inter-firm arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine in …
Persistent link: https://www.econbiz.de/10005123504
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The External Sector, the State and Development in Eastern Europe
Eichengreen, Barry; Kohl, Richard - C.E.P.R. Discussion Papers - 1998
the transition. The Czech Republic and Hungary have had some success moving into the production and export of more …
Persistent link: https://www.econbiz.de/10005123672
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Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition
Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2003
How do economic policies and institutions affect job reallocation processes and their consequences for productivity growth? This Paper studies the extreme case of economic system change and alternative transitional policies in the former Soviet Republics of Russia and Ukraine. Exploiting annual...
Persistent link: https://www.econbiz.de/10005123720
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A Gini Decomposition Analysis of Inequality in the Czech and Slovak Republics during the Transition
Garner, Thesia I; Terrell, Katherine - C.E.P.R. Discussion Papers - 1998
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very little, and by a similar amount, from 1989–93 in the Czech Republic and Slovakia. This surprising result is examined with an analysis of changes in the channels of...
Persistent link: https://www.econbiz.de/10005123731
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On the Optimal Progressivity of the Income Tax Code
Conesa, Juan Carlos; Krueger, Dirk - C.E.P.R. Discussion Papers - 2005
to 1.7% higher consumption in each state of the world. An explicit computation of the transition path induced by a reform …
Persistent link: https://www.econbiz.de/10005123894
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The Dynamics of Political Support for Reform in Economies in Transition
Rodrik, Dani - C.E.P.R. Discussion Papers - 1995
This paper considers a simple model of economic transition to analyse the dynamics of preferences over economic policy … the early stages of the transition, the private sector expands at a rate that is lower than the rate at which the state … subsidy to the state sector, which has the effect of slowing down the transition. The analysis focuses on the dynamic …
Persistent link: https://www.econbiz.de/10005123914