Showing 1 - 10 of 14
Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the first aspect and shows the importance of the relative price effect, for given growth rates of consumption and ecosystem services. This paper focuses on intermediate ecosystem...
Persistent link: https://www.econbiz.de/10012018205
A major characteristic of the European Union is its transitional or evolving nature, in particular with regard to the assignment of powers between the two main levels of government. More precisely, under current constitutional arrangements, this evolving nature takes the form of an integration...
Persistent link: https://www.econbiz.de/10010325621
between democratic quality and human stature. The results indicate that the transition to democracy increased average male …
Persistent link: https://www.econbiz.de/10012052807
economic convergence may push up inflation rates in transition economies. Cyclical effects and regulated prices are found to be … exchange rate plays a prominent (but declining) role in transition economies. …
Persistent link: https://www.econbiz.de/10010264234
The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a large panel of non-listed corporations, with a surge of...
Persistent link: https://www.econbiz.de/10010264543
ARCH modelling framework of Engle (1982) and its GARCH generalization of Bollerslev (1986) gave a huge impetus to econometric model building in the field of financial time series with time-varying variance. The main idea of the models was to describe the most typical features of capital markets...
Persistent link: https://www.econbiz.de/10010270556
The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer … during transition rises in countries where reforming institutions is particularly costly. …
Persistent link: https://www.econbiz.de/10010273819
A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role of institutions. Yet via unification, East Germany had immediate access to credible, high quality institutions. This paper argues that success in a capitalist economy depends...
Persistent link: https://www.econbiz.de/10010274948
seem to be driven by individual reactions to the transition, but rather by the removal of discriminatory practices in the …
Persistent link: https://www.econbiz.de/10013177526
Processes of transition to democracy and country break up stand out as ideal experiments to estimate the impact of wide … and 0.148cm for Czechs. Although transition paths differ across the two countries, the absolute height gap between Slovaks …
Persistent link: https://www.econbiz.de/10010435795