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While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery … conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition …
Persistent link: https://www.econbiz.de/10014156715
This paper examines alternative hypotheses concerning the determinants of success in the transition from Communism to … important in explaining the growth of the transition countries in the years since the end of the Cold War. In the mid 90s a …
Persistent link: https://www.econbiz.de/10013234403
We have conducted the first survey on management practices in transition countries. We found that Central Asian … transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are … below emerging countries such as Brazil, China and India. In contrast, the central European transition countries such as …
Persistent link: https://www.econbiz.de/10013067648
We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and cities as...
Persistent link: https://www.econbiz.de/10013142282
The "loans for shares" scheme of 1995-6--in which a handful of well-connected businessmen bought stakes in major Russian companies--is widely considered a scandal that slowed subsequent Russian economic growth. Fifteen years later, I reexamine the details of the program. In light of evidence...
Persistent link: https://www.econbiz.de/10013146519
Investment in a broad array of intangible capital - R&D, organizational capital, worker training, and brand equity - has occurred in many of the most advanced world economies and has been found to be an important source of economic growth. This evidence suggests that intangible capital formation...
Persistent link: https://www.econbiz.de/10013065397
China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic development and hence inconsistent with the standard neoclassical growth model. We show that Chinese macroeconomic patterns instead appear consistent with an environment where state...
Persistent link: https://www.econbiz.de/10013062078
not during the economy's transition path to its ultimate steady-state. An interesting feature of the model is that it …
Persistent link: https://www.econbiz.de/10013247438
At roughly 4% per annum, labor productivity in Tanzania has grown more rapidly over the past 12 years than at any other time in recent history. Employment growth has also been strong keeping up with population growth at roughly 2.5 percent per annum; the bulk of employment growth (90%) has been...
Persistent link: https://www.econbiz.de/10012977644
reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition …
Persistent link: https://www.econbiz.de/10012778303