Showing 1 - 10 of 62
quantitative analysis of mass privatization programs in the postcommunist world. We argue that rapid large-scale privatization … back on the enterprise sector, as the state can no longer support the institutions necessary for the effective functioning … implementation of mass privatization programs negatively impacts measures of economic growth, state capacity and the security of …
Persistent link: https://www.econbiz.de/10005784627
This paper compares different nominal anchors in the case of a fixed exchange rate regime for the future single regional currency of the Economic Community of the West African States (ECOWAS). We study the anchor choice when the countries focus the exchange rate policy to promote internal and...
Persistent link: https://www.econbiz.de/10008529043
does not receive support in the ownership but the indicator of voucher privatization supports it. The initial conditions … from early 90's were not the driving the financial distress. The voucher-scheme privatization results in poorer corporate …
Persistent link: https://www.econbiz.de/10005784676
What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … four different countries. We find the confluence of weak and inefficient formal institutions to be associated with a larger … institutional order (i.e., weaker and more inefficient institutions). The contributions and implications of these findings are …
Persistent link: https://www.econbiz.de/10011161390
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …. We show that institutions must improve significantly in order to yield a stable equilibrium in which the optimal number … of firms is liquidated. There is also a range where improving institutions may decrease the number of bad firms …
Persistent link: https://www.econbiz.de/10005651481
public office, institutions to encourage elected officials to keep their campaign promises are weak, and competition for …
Persistent link: https://www.econbiz.de/10005652556
uncertainty. While the number of financial institutions has increased dramatically, the state sector still dominates financial …
Persistent link: https://www.econbiz.de/10005652557
We study China's township-village enterprises (TVES) from an organizational perspective with a focus on governance. Unlike most previous studies, we interpret the firm boundaries of TVEs at the community level rather than the enterprise level. From this perspective, we analyze the central role...
Persistent link: https://www.econbiz.de/10005652587
Productivity growth has long been associated with, among others, contestability of markets which, in turn, is dependent on the ease with which potential competitors to the incumbent firms can enter the product market. There is a growing consensus that in emerging markets regulatory and...
Persistent link: https://www.econbiz.de/10005652599
In most countries of Central and Eastern Europe and the Commonwealth of Independent States, the transition to market led to the emergence of a private sector and open unemployment. The Belarusian labor market is characterized by low official unemployment, combined with a low share of the private...
Persistent link: https://www.econbiz.de/10005652632