Showing 1 - 10 of 387
This study provides evidence that culture understood as values and beliefs moves very slowly. Despite massive institutional change, values and beliefs in transition countries have not changed much over the last 20 years. Evidence suggests that culture is affected by the long run historical past,...
Persistent link: https://www.econbiz.de/10008662196
This paper considers the effect of financial liberalisation on access to investment finance using firm level data covering 57 developing and transition countries. An index is presented which measures financial market liberalisation along the following policy dimensions: directed lending, credit...
Persistent link: https://www.econbiz.de/10009565839
Over 1.8 billion people, from Central Europe to East Asia, have been involved in the great systemic transformation to market economy, civic society and democracy. The process has brought mixed fruits. The diversification of the current situation is a result of both the legacy from the past and...
Persistent link: https://www.econbiz.de/10008661244
In the former socialist redistributive economies, the transition to market economy and the conversion to private ownership followed different trajectories. The paper offers an overview on how a new class of grand bourgeoisie was formed in three different regions of the transition: Central...
Persistent link: https://www.econbiz.de/10008661801
-2005, examines correlates of unprecedented increases in inequality registered by most of these economies. We find that, after … infrastructure reform (mostly consisting of privatization and higher fees) are responsible for this pro-inequality effect while small … evidence that higher government spending as share of GDI reduces inequality. -- inequality ; transition ; economic policy …
Persistent link: https://www.econbiz.de/10008661804
Changes in the tax structure and category of taxes clearly matter when it comes to initiating tax policies. This paper employs data from a sample of 33 transitional countries over the period 1991-2014. It finds that, in a particular transitional country, the higher the national income, the...
Persistent link: https://www.econbiz.de/10011587046
In many low-income transition countries, where formal institutions such as courts do not function effectively, informal institutions are often used by firms to minimize transaction risks. We examine the role of informal institutions, in the forms of relational contracting and social networks, in...
Persistent link: https://www.econbiz.de/10012216455
This paper examines the link between inequality and individual well-being using household survey data from 27 … Transition Economies, where income inequality increased considerably since 1989. A test of inequality aversion in individual … preferences that draws on the Fehr and Schmidt (QJE, 1999) specification of inequality aversion is proposed, and the difficulties …
Persistent link: https://www.econbiz.de/10009370128
Persistent link: https://www.econbiz.de/10015066000
been strong, yet poverty remains high. Underlying the shortage of good livelihoods and high social inequality is the lack …
Persistent link: https://www.econbiz.de/10011396968