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Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some...
Persistent link: https://www.econbiz.de/10012795087
This paper examines the extent to which firms in selected MENA countries reported being constrained by the business environment around the time of the Arab Spring and the extent to which these constraints affected their employment performance. The results suggest that small firms in MENA faced...
Persistent link: https://www.econbiz.de/10012103780
What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a...
Persistent link: https://www.econbiz.de/10014400551
This paper reviews a selection of studies on privatization experiences in transition countries. Empirical studies … is reviewed, along with the question of whether privatization efforts support or hinder de novo private sector …
Persistent link: https://www.econbiz.de/10014403469
Financial institutions intermediate between savers and investors and contribute to corporate governance. Equity and bond markets in the former centrally planned economies are not yet in a position adequately to provide these services. It is not yet clear that investment funds will provide the...
Persistent link: https://www.econbiz.de/10014398238
Although a centerpiece of the reform process in Central and Eastern Europe, large-scale privatization cannot be … the allocative efficiency implications of alternate sequences of privatization in a reforming planned economy with two …
Persistent link: https://www.econbiz.de/10014395989
This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this...
Persistent link: https://www.econbiz.de/10014396324
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run … impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public …’ options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed …
Persistent link: https://www.econbiz.de/10014401122
public investment at the EU level. We complement these results with a specific application to the case of Slovenia. We first … characterized by fixed exchange rate regimes and sound public investment governance (e.g. Croatia and Slovenia). We also complement …
Persistent link: https://www.econbiz.de/10012613691
The labor participation rate in Slovenia has been lower than in the EU-15 (the members states prior to May 2004 … and for achieving higher potential growth in Slovenia …
Persistent link: https://www.econbiz.de/10014400152