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Local governments’ fiscal balance, privatization, and banking sector reform in transition countries
Crivelli, Ernesto - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …
Persistent link: https://www.econbiz.de/10009618582
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The nexus between public enterprise governance, financial performance, and macroeconomic vulnerabilities : an application to Moldova
Hegazy, Amgad; Navarro Lopez, Arturo - 2022
Strong governance frameworks for public enterprises have long been an anchor of stability and efficiency underpinning their financial operations and performance. Cross-country experiences with the adoption of robust legal, regulatory and institutional arrangements-in line with international best...
Persistent link: https://www.econbiz.de/10013170011
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Assessing the macroeconomic impact of structural reforms in Ukraine
Ari, Anil; Pula, Gábor - 2021
Ukraine's economic performance has been anemic since the early 1990s. A major impediment to productivity growth has been low investment, held back by lack of strong and independent institutions. This paper aims to assess the major areas of institutional weakness in Ukraine and quantify the...
Persistent link: https://www.econbiz.de/10012604788
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Successful transitions from public to private-sector led growth : lessons for Benin
Diallo, Aissatou - 2021
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
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Private sector job creation in MENA : prioritizing the reform agenda
Baduel, Bénédicte; Geginat, Carolin; Pierre, Gaëlle - 2019
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
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Private Saving in Colombia
Ortega, Juan Ricardo - 1998
This paper studies the main determinants of the sharp decline in Colombia’s private saving rate which accompanied the steep deterioration of the country’s external current account deficit in the 1990s. The paper rejects current arguments pointing to a consumption boom and corporate behavior...
Persistent link: https://www.econbiz.de/10014400422
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The Evolution of Output in Transition Economies : Explaining the Differences
Sahay, Ratna - 1999
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
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Privatization in Transition Countries : A Sampling of the Literature
Havrylyshyn, Oli - 1999
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
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Pension Privatization and Country Risk
Cuevas, Alfredo - 2008
pension liabilities during the reform''s transition period, a pension privatization reform may transform IPD into explicit …
Persistent link: https://www.econbiz.de/10014401384
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Foreign Direct Investment and Structural Reforms : Evidence From Eastern Europe and Latin America
Kinoshita, Yuko - 2008
This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10014401501