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Obstacles to Transforming Centrally-Planned Economies : The Role of Capital Markets
Calvo, Guillermo A. - 2010
, incentives systems are absent, losses of unprofitable state-owned enterprises are automatically financed, legislations vital for …
Persistent link: https://www.econbiz.de/10012762999
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Household Savings in Transition Economies
Denizer, Cevdet - 2010
Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households...
Persistent link: https://www.econbiz.de/10012763614
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What Directions for Labor Market Institutions in Eastern and Central Europe?
Freeman, Richard B. - 2021
greatly. State-owned enterprises reduced employment even absent privatization, producing sizeable joblessness and eliminating …
Persistent link: https://www.econbiz.de/10013220944
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Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences
Sachs, Jeffrey D. - 2021
state inherited from the socialist period …
Persistent link: https://www.econbiz.de/10013234355
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Privatization in East European Transformation
Fischer, Stanley - 2021
Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist …
Persistent link: https://www.econbiz.de/10013247193
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Foreign Trade in Eastern Europe'S Transition : Early Results
Rodrik, Dani - 2021
By the end of 1991, Czechoslovakia, Hungary and Poland have achieved a substantial degree of openness to foreign trade. In all three countries, trade is now de-monopolized and licensing and quotas playa very small role. Exchange controls have virtually disappeared for current-account...
Persistent link: https://www.econbiz.de/10013248111
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Current Account Sustainability in Transition Economies
Roubini, Nouriel; Wachtel, Paul - 2021
This paper presents an analysis of the sustainability of current account deficits in transition economies in Central and Eastern Europe. These countries have experienced large current account imbalances in the transition to a market economy. We consider a wide range of macroeconomic factors that...
Persistent link: https://www.econbiz.de/10013243626
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The Transition Economies after Ten Years
Fischer, Stanley; Sahay, Ratna - 2010
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014156715
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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 … as important. The first is the interactions between unemployment and the decisions of both state and private firms. The … second are the idiosyncracies which come from the central planning legacy, from the structure of control within state firms …
Persistent link: https://www.econbiz.de/10014089271
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Why are Saving Rates so High in China?
Yang, Dennis Tao - 2011
In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA)...
Persistent link: https://www.econbiz.de/10013130270