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Anthropometric Dividends of Czechoslovakia's Break Up
Costa-i-Font, Joan; Kossarova, Lucia - CESifo - 2014
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. Results were robust to using an alternative dataset and suggest that although transition paths …
Persistent link: https://www.econbiz.de/10011148854
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Good Institutions are not enough: Ongoing Challenges of East German Development
Carlin, Wendy - CESifo - 2010
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/10008671711
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How I Learned to Stop Worrying and Love the Crisis
Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10009645638
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Reform, Uncertainty and Spillovers - A Gravity Model Approach
Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be …
Persistent link: https://www.econbiz.de/10009651184
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The Business Environment in the Transition
Carlin, Wendy; Schaffer, Mark - CESifo - 2012
Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using … formerly planned economies with those in economies outside transition, we document not only the challenges faced by transition …
Persistent link: https://www.econbiz.de/10010877887
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Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Egert, Balázs - CESifo - 2007
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/10005765781
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Neutral Taxation of Shareholder Income? Corporate Responses to an Announced Dividend Tax
Alstadsæter, Annette; Fjaerli, Erik - CESifo - 2009
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/10005765924
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The Assignment of Powers in an Open-ended European Union
Salmon, Pierre - CESifo - 2003
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/10005766218
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Modeling Institutions, Start-Ups and Productivity during Transition
Brixiova, Zuzana; Egert, Balazs - CESifo - 2010
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/10008572571
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Asymmetry in Volatility: A Comparison of Developed and Transition Stock Markets
Wdowinski, Piotr; Malecka, Marta - CESifo - 2010
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/10008583696