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International comparisons of labour market institutions and their transfer across boundaries have gained in importance. The paper deals with the question of the best way to proceed in making such comparisons. At the same time the question of the possibilities and limits to institutional transfer...
Persistent link: https://www.econbiz.de/10011539100
This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are interpreted broadly. The broadening of the poverty notion is important at least from the policy perspective. Even if one were convinced that higher growth would reduce income poverty to...
Persistent link: https://www.econbiz.de/10011400868
less efficient banks. This result is in line with the efficiency hypothesis. -- Cross-border bank acquisitions ; latent …
Persistent link: https://www.econbiz.de/10003749434
Persistent link: https://www.econbiz.de/10003377261
The forces of the market and systems competition bring about economic and social convergence in Europe. There is no need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of economic convergence. National welfare states will be...
Persistent link: https://www.econbiz.de/10011507973
This paper discusses a central element in globalization debate little addressed by economists, namely the interactions … at global, national, and community levels between globalization and societally based values. Social values refer to wider … stress on analytical comparative statics. Scenarios for how values can interact under globalization are discussed in the text. …
Persistent link: https://www.econbiz.de/10002756340
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...
Persistent link: https://www.econbiz.de/10011400902
to seek national efficiency, but national efficiency does not imply that systems competition will itself be efficient. …
Persistent link: https://www.econbiz.de/10011408441
increased efficiency in the use of capital and other resources (intensive growth) as opposed to sheer accumulation of capital … governance, and institutional reforms have played a significant role in raising economic output and efficiency in both Croatia …
Persistent link: https://www.econbiz.de/10008697476
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/10009488896