Preface Over the last decade and a half the global economic order has been undergoing major changes. While this may be thought to reflect the results of a multilateral and participatory process involving debate and negotiations, in reality it has been mostly driven by the economic interests of...

In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...

After September 2008, the advanced economies severe decline caused demand for emerging economies’ exports to drop and the crisis became truly global, much deeper and broader than expected. In these times of global depression, most countries and companies are affected, some more than others....

Understanding the degree and evolution of competition across industries is an important step towards understanding the impact of economic reform and competition on economic growth in Vietnam during the economic transition. In this paper, we investigate evolution of competition in Vietnam during...

Relationship between economic transition and migration has long attracted increasing attention of both policy-makers and researchers. Migration is seen as a response of changes during the economic transition in a country, because labour is an important production factor in the market, in which...

This paper is based on the author’s lecture given at the Russian Summer School on Institutional Analysis 2007, organized by the State University — Higher School of Economics with the financial support of Innovation educational program. The author defines a reform as an intentional...

This paper presents the effects of industrialization on economic and employment structure during the economic transition in Vietnam. Although Vietnam has made a significant progress in changing economic structure in which the share of agricultural contribution in GDP has dramatically decreased...

This is the first part of the research devoted to the problem of the choice of institutional reform strategies. A strategy is defined as a planned trajectory of institutional changes in time. Three types of strategies are compared: shock therapy, gradual growing, and interim institution...