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Theft and Taxes
Desai, Mihir A. - 2010
This paper analyzes the interaction between corporate taxes and corporate governance. We show that the characteristics of a taxation system affect the extraction of private benefits by company insiders. A higher tax rate increases the amount of income insiders divert and thus worsens governance...
Persistent link: https://www.econbiz.de/10012762547
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Reference-Dependent Job Search : Evidence from Hungary
DellaVigna, Stefano - 2016
evaluate using a unique reform. In 2005, Hungary switched from a single-step UI system to a two-step system, with unchanged …
Persistent link: https://www.econbiz.de/10012991693
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On the Speed of Transition Central Europe
Aghion, Philippe; Blanchard, Olivier J. - 2003
Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market …
Persistent link: https://www.econbiz.de/10014089271
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School, What is it Good for? Useful Human Capital and the History of Public Education in Central Europe
Cvrcek, Tomas - 2013
The rise of education has featured prominently in the debate on the sources of modern long-term economic growth. Existing accounts stress the positive role of public education and the importance of political support for its provision. We argue that such an explanation for the spread of schooling...
Persistent link: https://www.econbiz.de/10013071912
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The Micro and Macro Dynamics of Capital Flows
Saffie, Felipe; Varela, Liliana; Yi, Kei-Mu - 2022
universe of firms in Hungary, we show that financial openness triggers input-cost and consumption channels, with the latter …
Persistent link: https://www.econbiz.de/10013292581
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Inflation Targeting in Transition Countries : Experience and Prospects
Jonas, Jiri; Mishkin, Frederic S. - 2021
Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well …
Persistent link: https://www.econbiz.de/10013225557
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Macroeconomic Policy and Institutions During the Transition to European Union Membership
Branson, William H.; Braga de Macedo, Jorge; von Hagen, … - 2021
membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …
Persistent link: https://www.econbiz.de/10013225816
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Covid-19 and SME Failures
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...
Persistent link: https://www.econbiz.de/10013244116
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Making Sense of the Soviet Trade Shock in Eastern Europe : a Framework and Some Estimates
Rodrik, Dani - 2021
Eastern European countries have experienced sharp declines in real GDP since 1990. One of the reasons for this decline is the Soviet trade shock, deriving from the collapse of the CMEA and of traditional export markets in the Soviet Union. This paper is an attempt to quantify the magnitude of...
Persistent link: https://www.econbiz.de/10013211658
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What Directions for Labor Market Institutions in Eastern and Central Europe?
Freeman, Richard B. - 2021
Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … economy. I find surprising stability in labor institutions in the first stage of transition to a market economy, but dramatic … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …
Persistent link: https://www.econbiz.de/10013220944