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This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10010398778
it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of … economy compared to some of the OECD countries and see that, in fact, Australia has a "miracle economy". The comparisons are …
Persistent link: https://www.econbiz.de/10009774315
the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into … development, along with its rising market orientation and increasing integration with the world economy, may make the incremental … tackling some deep-rooted problems without causing much economic disruption. -- policy reforms ; market-oriented economy …
Persistent link: https://www.econbiz.de/10003464109
"Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and … highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a … with a labor market regulation are the driving forces of the shadow economy. Furthermore, the results show that the shadow …
Persistent link: https://www.econbiz.de/10003375229
Commonwealth of Independent States (CIS), it had a more agricultural economy and a more stable political-economic system than many …
Persistent link: https://www.econbiz.de/10003594444
In their survey of the literature on ethnic fractionalization and economic performance, Alesina and La Ferrara (JEL 2005) identify two main directions for future research. One is to improve the measurement of diversity and the other to treat diversity as an endogenous variable. This paper tries...
Persistent link: https://www.econbiz.de/10003923596
institutional drivers of the public opinion. Our main findings are: (i) When the economy is growing, on average people appreciate …. -- political economy ; post-communist transition ; economic reforms ; economic performance ; support for reforms ; public opinion …
Persistent link: https://www.econbiz.de/10009311013
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10003225929
How do economic policies and institutions affect job reallocation processes and their consequences for productivity growth? This paper studies the extreme case of economic system change and alternative transitional policies in the former Soviet Republics of Russia and Ukraine. Exploiting annual...
Persistent link: https://www.econbiz.de/10011415087
overall inequality and poverty. We argue that, from a political economy perspective, transfer mechanisms were well-designed to …
Persistent link: https://www.econbiz.de/10011406724