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East Germany remains unique among the transition economies. Soon after the fall of the Berlin Wall in 1989, it became … well as local capacities. Third, the Kohl government's policy towards East German transition, driven by short …
Persistent link: https://www.econbiz.de/10005124285
We argue that econometric analyses based on transition countries’ data can be vulnerable to structural breaks across …-oriented reforms. We find robust evidence that the pattern of growth in transition has changed at least two times, yielding thus three …
Persistent link: https://www.econbiz.de/10005136785
sector and capital market development, on economic growth in transition economies. Mass privatization is found to be the only …
Persistent link: https://www.econbiz.de/10005067521
We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...
Persistent link: https://www.econbiz.de/10011083751
The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...
Persistent link: https://www.econbiz.de/10011083318
This paper investigates how start-up firms in Vietnam operate in the face of two significant market frictions: a poorly developed legal system and inadequate market information. We argue that these two market frictions actually offset each other. Poor market information and the consequent...
Persistent link: https://www.econbiz.de/10005124318
We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The …
Persistent link: https://www.econbiz.de/10005504282
transition countries. These data have three main advantages. First, while in a market economy firms face widely divergent needs … agencies; and we collect data directly on various measures of innovative activity. Third, the fact that transition countries … presence of at least a few competitors is effective both directly and through improving the efficiency with which the rents …
Persistent link: https://www.econbiz.de/10005067370
Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth at the microeconomic level is scant. Using data from a cross section of Bulgarian firms, we estimate the impact of access to credit, as...
Persistent link: https://www.econbiz.de/10005791591
(1991) effect on productive efficiency and profitability of industrial firms. The effect was positive for small to slightly …
Persistent link: https://www.econbiz.de/10005114331