Showing 1 - 10 of 222
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 long-term growth impact of catching-up to Poland in terms of the quality of major …
Persistent link: https://www.econbiz.de/10012604788
, privatization methods had a lasting effect on ownership structure in Ukraine …This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using … performance in Ukraine. The paper also finds that concentration of ownership by foreign companies and banks is associated with …
Persistent link: https://www.econbiz.de/10014399964
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …
Persistent link: https://www.econbiz.de/10011978678
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
of the Asian Infrastructure Investment Bank and other so-called 'infrastructure investment platforms' are an attempt to …
Persistent link: https://www.econbiz.de/10011436772
investment. Moldova stands to greatly benefit from strengthening its public corporate governance regime to put its public …
Persistent link: https://www.econbiz.de/10013170011
Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a … planned fiscal consolidation will result in some restraint of public spending, and, in particular, public investment. In this … draws lessons from countries that have successfully transitioned from public investment to private investment-led growth …
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
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