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China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...
Persistent link: https://www.econbiz.de/10014402854
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and...
Persistent link: https://www.econbiz.de/10014400089
Persistent link: https://www.econbiz.de/10009487110
its operational efficiency. Potential trade-offs between legitimacy and efficiency exist for any public institution but … legitimacy and efficiency …
Persistent link: https://www.econbiz.de/10014400744
-relevant analysis and identification of specific areas where reform efforts could be prioritized. Potential research venues are outlined …
Persistent link: https://www.econbiz.de/10014402638
We compile the first large cross-country panel dataset of public sector performance and efficiency, encompassing 114 … lower efficiency in the respective sector. Moreover, we find that richer countries exhibit better public sector performance … and efficiency, and that institutional and demographic factors also play a significant role …
Persistent link: https://www.econbiz.de/10014401855
reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate …This paper analyzes the different channels through which financial variables and financial sector reform can affect … economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector …
Persistent link: https://www.econbiz.de/10014395836
This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome by building a unique dataset uniting detailed firm balance sheet information with firm patent data for the period of 1998-2007. We find strong evidence that within-firm...
Persistent link: https://www.econbiz.de/10011716316
problems in a country’s tax administration and formulating an appropriate reform strategy. To be effective, this strategy … taxpayers’ voluntary compliance, differentiating the treatment of taxpayers by their revenue potential, and ensuring the reform …
Persistent link: https://www.econbiz.de/10014403363
Persistent link: https://www.econbiz.de/10011281609