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Ukraine's economic performance has been anemic since the early 1990s. A major impediment to productivity growth has … institutional weakness in Ukraine and quantify the long-term growth impact of catching-up to Poland in terms of the quality of major … most optimistic scenario, where institutional gaps are fully addressed, Ukraine would need 15 years to catch up to Poland …
Persistent link: https://www.econbiz.de/10012604788
particular reference to Ukraine’s experience since 1992. We find that, while real credit growth is indeed associated with higher …
Persistent link: https://www.econbiz.de/10014395883
After a long period of steep decline which followed the breakup of the Soviet Union, Ukraine''s economy rebounded in …
Persistent link: https://www.econbiz.de/10014399581
This paper provides a unified analysis for the onset of the 1998 financial crisis and the strong economic recovery afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence of a lemons credit market and high government...
Persistent link: https://www.econbiz.de/10014404142
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
Persistent link: https://www.econbiz.de/10010388590
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579
This paper analyzes certain policies that are typical of a number of rapidly growing East Asian countries in which a fixed exchange rate, combined with a surplus labor market, has made domestic assets relatively inexpensive, generating high rates of FDI as well as domestic capital formation....
Persistent link: https://www.econbiz.de/10014401067
What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower...
Persistent link: https://www.econbiz.de/10014402678
This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with economic growth and its determinants. The first part focuses on recent literature regarding positive spillovers from FDI while the second deals with the determinants of FDI....
Persistent link: https://www.econbiz.de/10014403606