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Infrastructure investment in network industries ; the role of incentive regulation and regulatory independence

Égert, Balázs - 2009

-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …

Persistent link: https://www.econbiz.de/10010273816

Harnessing windfall revenues: optimal policies for resource-rich developing economies

van der Ploeg, Frederick; Venables, Anthony J. - 2009

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Persistent link: https://www.econbiz.de/10010276227

Are the Baltic countries ready to adopt the Euro?: a generalised purchasing power parity approach

Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - 2008

This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is based on the Generalised Purchasing Power Parity...

Persistent link: https://www.econbiz.de/10010264406

Growing apart?: a tale of two republics: Estonia and Georgia

Gylfason, Thorvaldur; Hochreiter, Eduard - 2007

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...

Persistent link: https://www.econbiz.de/10010264255

Determinants of house prices in Central and Eastern Europe

Égert, Balázs; Mihaljek, Dubravko - 2007

This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...

Persistent link: https://www.econbiz.de/10010273771

Growing together: Croatia and Latvia

Gylfason, Thorvaldur; Hochreiter, Eduard - 2010

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...

Persistent link: https://www.econbiz.de/10010274848

Dollarization of Deposits in the Short and Long Run: Evidence from CESE Countries

Uroševic, Branko; Rajkovic, Ivana - 2016

In this paper, we study the drivers of permanent and transitory deposit dollarization for a sample of CESE countries using panel cointegration techniques. The results suggest that a positive cointegration relationship exists between permanent dollarization and Minimum Variance Portfolio (MVP)...

Persistent link: https://www.econbiz.de/10011431280

Trade Openness and Income Inequality: New Empirical Evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...

Persistent link: https://www.econbiz.de/10012657909

Globalization and Income Inequality Revisited

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2018

This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link between globalization and income inequality differs across...

Persistent link: https://www.econbiz.de/10011794198

Ten Years After: What is Special about Transition Countries?

Gros, Daniel; Suhrcke, Marc - 2000

Most countries commonly classified as 'in transition' are st ill recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in...

Persistent link: https://www.econbiz.de/10010314950

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