Showing 1 - 10 of 136
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade … bureaucracy are the most likely reasons behind our findings. -- state ownership ; control ; corporate performance ; privatization …
Persistent link: https://www.econbiz.de/10003887481
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716
larger reform package of economic liberalisation in formerly overregulated economies, (b) as a reaction to an increasing …
Persistent link: https://www.econbiz.de/10003204038
This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After … defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform … industry-specific SOE reform trends as well as the latest reform developments. Until today, a stable, successful, longterm …
Persistent link: https://www.econbiz.de/10012026451
This paper utilizes data on the presence of prominent individuals-that is, those with political (e.g., Members of Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879 - 1909 to investigate whether the appointment of well-connected...
Persistent link: https://www.econbiz.de/10010465141
It is known that anti-social redistributive activities (rent seeking, tax evasion, corruption, violation of property rights, delay of socially beneficial reforms, etc) hurt the macroeconomy. But it is less known what is the role of government size as a determinant of such activities. We use data...
Persistent link: https://www.econbiz.de/10002746122
Using various methods (currency demand, physical input (electricity) method, model approach), which are discussed and criticized, estimates of the size of the shadow economy in 76 developing, transition and OECD-countries are presented. The average size of a shadow economy varies from 12 percent...
Persistent link: https://www.econbiz.de/10009781691
estimate the size of the shadow economy in Egypt during the last four decades (1976 to 2013). In addition to the standard …
Persistent link: https://www.econbiz.de/10011418009
This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 … to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in … globalization by reducing the costs of doing business and trade in dealing with sizable shadow economy in Egypt. …
Persistent link: https://www.econbiz.de/10011645904
This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...
Persistent link: https://www.econbiz.de/10011450308