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External monetary shocks and monetary integration : evidence from the Bulgarian currency board
Minea, Alexandru; Rault, Christophe - 2011
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if … better (with respect to other CEEC) monetary integration of Bulgaria with the European Monetary Union (EMU). Since Bulgarian … terms of integration of Bulgaria into the EMU. -- currency board ; Bulgaria ; monetary shocks ; ECB interest rate ; FED …
Persistent link: https://www.econbiz.de/10009309508
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Job creation, Job destruction and employment growth in transition countries in the 90's
Faggio, Giulia; Konings, Jozef - 2001
In this paper we document and analyse gross job flows in five transition countries, Poland, Estonia, Slovenia, Bulgaria …
Persistent link: https://www.econbiz.de/10011339676
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Institutions and economic performance : what can be explained?
Commander, Simon; Nikoloski, Zlatko - 2010
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three 'levels' of institutions and associated...
Persistent link: https://www.econbiz.de/10009153586
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Public attention and policy responses to COVID-19 pandemic
Aksoy, Cevat Giray; Ganslmeier, Michael; Poutvaara, Panu - 2020
Early non-pharmaceutical interventions (NPI) significantly reduced the death toll of the COVID-19 pandemic. Yet, there are vast differences in how quickly governments implemented NPIs. In this paper, we analyze the role of public attention, measured as the share of daily Google searches in a...
Persistent link: https://www.econbiz.de/10012243274
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Entrepreneurship, institutions and skills in low-income countries
Brixiova, Zuzana; Égert, Balázs - 2017
This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment as well as skill gaps where one of the equilibrium outcomes is a low-productivity trap. The paper tests the implications of the model using a cross-sectional dataset including...
Persistent link: https://www.econbiz.de/10011641557
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A theory of conservative revivals
Iyigun, Murat; Rubin, Jared; Seror, Avner - 2018
Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic conditions? And why do such conditions sometimes generate conservative ideological backlashes and, at other times, progressive social and political movements? We propose an...
Persistent link: https://www.econbiz.de/10011949432
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Rule of law, institutional quality and information
Bruno, Randolph (contributor) - 2008
The focus of this paper is the analysis of the persistent lawlessness attitude observed in some transition and developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion on institutional quality is explored using a model...
Persistent link: https://www.econbiz.de/10003716535
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Life cycle employment and fertility across institutional environments
Del Boca, Daniela (contributor);  … - 2006
In this paper, we formulate a dynamic utility maximization model of female labor force participation and fertility choices and estimate approximate decision rules using data on married women in Italy, Spain and France. The pattern of estimated state dependence effects across countries is...
Persistent link: https://www.econbiz.de/10003467010
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The economic determinants of ethnic assimilation
Chiswick, Carmel Ullman (contributor) - 2006
Expanding on the concept of ethnic human capital, the paper distinguishes between cultural assimilation compatible with persistent ethnic groups and assimilation through intermarriage and other mechanisms that blur distinctions and lead to the disappearance of ethnic identities. Economic...
Persistent link: https://www.econbiz.de/10003417590
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Unemployment vouchers versus low-wage subsidies
Orszag, Jonathan Michael; Snower, Dennis J. - 2002
The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty: unemployment vouchers and low-wage subsidies. The unemployment vouchers are targeted exclusively at the unemployed (especially the longterm unemployed) and are provided only for a...
Persistent link: https://www.econbiz.de/10011412368