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The Transition Economies After Ten Years

Fischer, Stanley - 2000

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/10012471103

Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007 : a logistic smooth transition regression (LSTR) approach

Aizenman, Joshua - 2009

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/10012463377

Initial Public Offering and Corporate Governance in China's Transitional Economy

Hsun, Chen-Chien - 2003

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/10012469125

The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China

Young, Alwyn - 2000

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 capture, and then protect, these rents leads to the...

Persistent link: https://www.econbiz.de/10012470915

Industry Evolution and Transition : A Neoclassical Benchmark

Atkeson, Andrew - 1997

Recently, a large number of countries have undertaken major reforms that have led to a large increase in the number of new enterprises. After these reforms, however, it has taken a number of years before output and productivity have begun to grow. The thesis of this paper is that the process of...

Persistent link: https://www.econbiz.de/10012472813

Russia and the Soviet Union Then and Now

Fischer, Stanley - 1992

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 Economic Policy of the 19205, or NEP, have for the...

Persistent link: https://www.econbiz.de/10012474902

China's Macroeconomic Development : The Role of Gradualist Reforms

Chen, Kaiji; Zha, Tao - National Bureau of Economic Research - 2023

This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high saving rates, the housing boom, an expanding current...

Persistent link: https://www.econbiz.de/10014322782

EU Accession and Foreign Owned Firms in Bulgaria

Feliciano, Zadia M. - 2016

Bulgaria signed the Europe Association Agreement (EAA) in 1995 and the European Union accession treaty in 2005 …. Accession had the effect of increasing FDI in Bulgaria. We analyze World Bank BEEPS firm level data for 2007 to better … understand characteristics and performance of foreign firms in Bulgaria. We estimate linear probability and logit models to …

Persistent link: https://www.econbiz.de/10012456812

Economic Reforms and Labor Markets : Policy Issues and Lessons from Chile

Edwards, Sebastian - 2000

This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll taxes. Our interest is to understand to what extent...

Persistent link: https://www.econbiz.de/10012471121

Why Have Economic Reforms in Mexico Not Generated Growth?

Kehoe, Timothy J. - 2010

Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...

Persistent link: https://www.econbiz.de/10012462077

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