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Opening the Capital Account of Transition Economies: How Much and How Fast
Daianu, Daniel; Vranceanu, Radu - William Davidson Institute, University of Michigan - 2002
paper, we analyze to what extent and at what pace should transition economies carry out the K.A. liberalization process. …
Persistent link: https://www.econbiz.de/10005207909
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PRIVATE SAVINGS IN TRANSITION ECONOMIES: ARE THERE TERMS OF TRADE SHOCKS?
Chowdhury, Abdur R. - William Davidson Institute, University of Michigan - 2003
The paper examines the impact of terms of trade shocks on private savings in the transition economies after accounting … for the effect of other determinants. Economic agents in the transition economies are subject to tight credit constraints … and data from twenty one transition economies confirm that most of the determinants of savings identified in the …
Persistent link: https://www.econbiz.de/10005677452
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Voice of the Diaspora: An Analysis of Migrant Voting Behavior
Fidrmuc, Jan; Doyle, Orla - William Davidson Institute, University of Michigan - 2004
This paper utilizes a unique dataset on votes cast by Czech and Polish migrants in their recent national elections to investigate the impact of institutional, political and economic characteristics on migrants’ voting behavior. The political preferences of migrants are strikingly different...
Persistent link: https://www.econbiz.de/10005784736
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TDoes Product Differentiation Explain The Increase in Exports of Transition Countries?
Kandogan, Yener - William Davidson Institute, University of Michigan - 2003
The paper analyzes the increase in transition countries’ exports to their non-traditional trade partners. It uses four …
Persistent link: https://www.econbiz.de/10005207899
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Yuan Real Exchange Rate Undervaluation, 1997-2006. How Much, How Often? Not Much, Not Often
Chen, Jeff; Deng, Wende; Kemme, David - William Davidson Institute, University of Michigan - 2008
Yuan real effective exchange rate misalignment is esitimated in a behavioral equilibrium exchange rate (BEER) model for the period 1997 to third quarter 2007. Using the Beveridge-Nelson decomposition a vector error correction model (VECM) of the exchange rate as a function of macroeconomic...
Persistent link: https://www.econbiz.de/10008529011
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Falling Walls and Lifting Curtains: Analysis of Border Effects in Transition Countries
Kandogan, Yener - William Davidson Institute, University of Michigan - 2006
Since McCallum’s (1995) finding of surprisingly high border effect on trade between US and Canada, there have been a number of studies on other parts of the world, and improvements made to the gravity model to accurately measure this effect. This paper suggests some other modifications to the...
Persistent link: https://www.econbiz.de/10005677536
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The Reorientation of Transition Countries’ Exports: Changes in Quantity, Quality and Variety
Kandogan, Yener - William Davidson Institute, University of Michigan - 2003
The paper analyzes the factors behind the reorientation of transition countries’ exports to their non …
Persistent link: https://www.econbiz.de/10005677634
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The Institutional Foundation of Foreign-Invested Enterprises (FIEs) in China
Huang, Yasheng - William Davidson Institute, University of Michigan - 1999
Foreign-invested enterprises (FIEs) are now an important component of the Chinese economy. Since 1992, the growth of FIEs has been exponential. However our understanding of the institutional factors driving the FIE growth remains limited. This paper uses data from 39 industries in China for a...
Persistent link: https://www.econbiz.de/10005677661
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How to Catch Foreign Fish? FDI and Privatization in EU Accession Countries
Merlevede, Bruno; Schoors, Koen - William Davidson Institute, University of Michigan - 2005
We examine the determinants of FDI stocks of ‘old’ EU-members in ten accession countries. Our partial adjustment framework results in a dynamic panel data analysis. In addition to the traditional variables, such as market potential and unit labour costs, we find institutional development to...
Persistent link: https://www.econbiz.de/10005652661
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Soverign Wealth Fund Issues and the National Fund(s) of Kazakhstan
Kemme, David - William Davidson Institute, University of Michigan - 2012
This paper first describes the major concerns associated with SWFs, mainly revolving around state ownership and lack of transparency. It then focuses on the National Fund for the Future of Kazakhstan (the “oil fund”, or NOF) and Samruk Kazyna (SK), the holding company for state owned...
Persistent link: https://www.econbiz.de/10010570286