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CEO turnover, firm performance and enterprise reform in China: evidence from new micro data

Kato, Takao; Long, Cheryl - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …

Persistent link: https://www.econbiz.de/10010274393

Gross Job Flows in Russian Industry Before and After Reforms: Has Destruction Become More Creative?

Brown, J. David; Earle, John S. - 2001

This paper uses 1985-1999 manufacturing census data for old Russian enterprises to calculate the magnitude and productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector, but increased slightly during the transition, while job...

Persistent link: https://www.econbiz.de/10010262559

Structural reforms and the exchange rate regime: a panel analysis for the world versus OECD countries

Belke, Ansgar; Herz, Bernhard; Vogel, Lukas - 2005

We test the significance of the relationship between the exchange rate regime and the degree of structural reforms by estimating panel regressions for a world and an OECD country sample. The empirical results suggest a positive correlation between on the one side the adoption of an exchange rate...

Persistent link: https://www.econbiz.de/10010267471

From golden age to golden age: Australia's great leap forward?

Frijters, Paul; Gregory, Robert George - 2006

The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes - high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population...

Persistent link: https://www.econbiz.de/10010267538

Does reform work? An econometric examination of the reform-growth puzzle

Babetskii, Ian; Campos, Nauro F. - 2007

Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...

Persistent link: https://www.econbiz.de/10010267849

Impact of reforms on plant-level productivity and technical efficiency: evidence from the Indian manufacturing sector

Bhaumik, Sumon Kumar; Kumbhakar, Subal C. - 2008

It is generally believed that the structural reforms that usher in competition and force companies to become more efficient were introduced later in India following the macroeconomic crisis in 1991. However, whether the post-1991 growth is an outcome of more efficient use of resources or greater...

Persistent link: https://www.econbiz.de/10010268573

Understanding low average returns to education in Africa: the role of heterogeneity across education levels and the importance of political and economic reforms

Uwaifo Oyelere, Ruth - 2008

Until very recently, the conventional wisdom was that the return to education was very high in Africa. However, some recent analysis point to low average returns to education in some African countries including Nigeria. Given these low returns to education, a relevant question is what causes low...

Persistent link: https://www.econbiz.de/10010268989

Helping hand or grabbing hand? State bureaucracy and privatization effectiveness

Brown, J. David; Earle, John S.; Gehlbach, Scott - 2009

Why have economic reforms aimed at reducing the role of the state been successful in some cases but not others? Are reform failures the consequence of leviathan states that hinder private economic activity, or of weak states unable to implement policies effectively and provide a supportive...

Persistent link: https://www.econbiz.de/10010269020

Financial globalization and economic policies

Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - 2009

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...

Persistent link: https://www.econbiz.de/10010269041

Instability of the Eurozone? On monetary policy, house prices and labor market reforms

Belke, Ansgar; Gros, Daniel - 2007

This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...

Persistent link: https://www.econbiz.de/10010269233

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