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This study tries to quantify the impact of transition in Eastern countries in an early stage on the cost-side and also on the benefit-side. The exposition plan includes: 1) Introduction; 2) Structural distortions; 3) Transition versus stability.
Persistent link: https://www.econbiz.de/10005790000
peculiar nature of the gold market in Vietnam and the resiliently strong demand for gold in the local market. In particular … of the gold price movements in Vietnam. Past studies demonstrate that if gold could be viewed as a financial asset … assessed potential inflationary implication of gold in Vietnam, especially during the recent years of volatile and double …
Persistent link: https://www.econbiz.de/10011108861
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and, thus, an institutional stance. It is Post-Keynesian as long as it does not perceive any benefit in the mainstream split between monetary and fiscal policies. And it is...
Persistent link: https://www.econbiz.de/10005014711
Can governments still use trade to reward and punish partner countries? While WTO rules and the pressures of globalization restrict states' capacity to manipulate trade policies, politicization of trade is likely to occur where governments intervene in markets. We examine state ownership of...
Persistent link: https://www.econbiz.de/10012978766
The demise of the Berlin Wall and the collapse of the USSR signaled a rush to privatization in Central and Eastern Europe and the former Soviet Union. The governments of these countries are trying to privatize i.e. transfer state-owned-and-operated enterprises to private owners and/or managers...
Persistent link: https://www.econbiz.de/10011272685
The article explains the peculiarities of institutional effects on growth rates in post-communist countries. By proposing a certain dependence of the institution-growth nexus on the nature of institutional emergence, the distinction between revolutionary and evolutionary processes of institution...
Persistent link: https://www.econbiz.de/10011258823
China’s reform of state-owned enterprises (SOEs) has achieved notably through 30 years of reforms while the performance of SOEs is still low. Basing on a summing-up of reforms of SOEs the paper gives an evaluation of economic theories affecting China’s reform of SOEs. Focuses in different...
Persistent link: https://www.econbiz.de/10011259101
In this paper, the current situation in Russian agriculture is analyzed on the basis of constructivist institutionalism as a result of the institutional evolution during several centuries. In particular this analysis has shown that such agrarian upheavals in Russia, as the abolition of serfdom...
Persistent link: https://www.econbiz.de/10011259266
Generally, Political Business Cycles happens in western economy, which reflects that macro-economy fluctuating is according with election cycles. The reason is that statesmen and citizens often do not have the same interest. And also, there is information asymmetry between them. Consequently,...
Persistent link: https://www.econbiz.de/10011260845
The resignation of T T Krishnamachari from the finance ministership in early 1958 was the culmination of three developments evolving concurrently. The first was the M C Chagla Commission of Enquiry Report, which ultimately led to Jawaharlal Nehru accepting Krishnamachari’s resignation. The...
Persistent link: https://www.econbiz.de/10011261003