Showing 1 - 10 of 432
The main focus of this paper is on the process and progress of economic reform in Russia. But I start with four … historical questions that bear on the current situation. How advanced was Russia in 1913? What relevance, if any, does the New … 1970s and 1980s? What role did Gorbachev's policies play in bringing about the final collapse of the Soviet Union? Russia …
Persistent link: https://www.econbiz.de/10013215354
This paper applies a logistic smooth transition regression approach to the estimation of a homogenous aggregate value added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition associated with the economic reforms in China is...
Persistent link: https://www.econbiz.de/10013151136
This paper empirically investigates the performance of Chinese initial public offerings (IPOs). The data used covers the period from mid-1995 to mid-1999 with the sample including 884 companies (both in the A- and B-share markets). In an examination of growth, profitability and stability of...
Persistent link: https://www.econbiz.de/10012762840
In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from … centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to … governments throughout the economy sought to capture these rents by developing high margin industries. Continued reform, and …
Persistent link: https://www.econbiz.de/10013147214
neoclassical benchmark for reforming economies, we ask what the path of transition looks like in a reforming economy for which the … process governing the growth of new enterprises looks like it does in the U.S., a well-functioning market economy. We find … suggests that, even if all other aspects of the economy are perfect, the transition following economy-wide reforms should take …
Persistent link: https://www.econbiz.de/10013313235
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
Political and economic transition is often blamed for Russia's 40% surge in deaths between 1990 and 1994. Highlighting … the campaign's end explains a large share of the mortality crisis - implying that Russia's transition to capitalism and …
Persistent link: https://www.econbiz.de/10013096856
production on the macro economy, and in particular, the real business cycle. This literature employs calibration techniques to … econometric identification problems. Furthermore, using data from the late 90s from transition Russia, it is argued that one … from a controlled economy to a market economy resulted in significant increase in home productivity and an increase in the …
Persistent link: https://www.econbiz.de/10012761348
This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition … under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and … Japan+ (Japan plus Korea). The model predicts dramatic increases in tax rates in the U.S., EU, India, and Russia. Indeed …
Persistent link: https://www.econbiz.de/10013021019
We conduct the first empirical test of the knowledge burden hypothesis, one of several theories advanced to explain increasing team sizes in science. For identification, we exploit the collapse of the USSR as an exogenous shock to the knowledge frontier causing a sudden release of previously...
Persistent link: https://www.econbiz.de/10013061819