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Nominal and Real Convergence in Estonia: The Balassa-Samuelson (dis)connection

Égert, Balázs - William Davidson Institute, University of Michigan - 2003

The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa …

Persistent link: https://www.econbiz.de/10005207900

Gluschenko, Konstantin - William Davidson Institute, University of Michigan - 2012

A popular methodology of studying spatial income inequality is analysis of beta-convergence (i.e. an inverse … growth theory predicts income convergence among economies (countries or regions within a country), and that beta-convergence …

Persistent link: https://www.econbiz.de/10010604579

Deindustrialisation. Lessons from the StructuralOutcomes of Post-Communist Transition

Mickiewicz, Tomasz; Zalewska, Anna - William Davidson Institute, University of Michigan - 2002

placing a transition country on a development path that guarantees convergence to EU employment structures. …

Persistent link: https://www.econbiz.de/10005784647

Deindustrialisation and Structural Change During the Post-Communist Transition

Mickiewicz, Tomasz; Zalewska, Anna - William Davidson Institute, University of Michigan - 2001

The aim of this paper is to model the evolution of employment structure in post-communist economies in the broader context of deindustrialisation. The paper builds on the model of structural change developed by Rowthorn and Wells (1987). We show that the starting point of high industry sector...

Persistent link: https://www.econbiz.de/10005677406

Objectivity, Proximity and Adaptability in Corporate Governance

Boot, Arnoud W.A.; Macey, Jonathan R. - William Davidson Institute, University of Michigan - 1999

Countries appear to differ considerably in the basic orientations of their corporate governance structures. We postulate the trade-off between objectivity and proximity as fundamental to the corporate governance debate. We stress the value of objectivity that comes with distance (e.g. the market...

Persistent link: https://www.econbiz.de/10005677455

Foreign Investment, Corporate Ownership, and Development:Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova, Klara; Svejnar, Jan; Terrell, Katherine - William Davidson Institute, University of Michigan - 2005

advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent …

Persistent link: https://www.econbiz.de/10005677460

How Important is Ownership in a Market with Level Playing Field? The Indian Banking Sector Revisited

Bhaumik, Sumon Kumar; Dimova, Ralitza - William Davidson Institute, University of Michigan - 2003

It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as empirical evidence suggest that factors like agency problems may not allow privately owned firms to operate more efficiently or perform better that state owned firms. At the same...

Persistent link: https://www.econbiz.de/10005677497

Convergence and shocks in the road to EU: Empirical investigations for Bulgaria and Romania

Figuet, Jean-Marc; Nenovsky, Nikolay - William Davidson Institute, University of Michigan - 2006

to what extent the convergence to the EU stimulates the economic development of these countries. Despite the similarities … nominal, real and financial convergence and synchronization of the economic cycle with that of the European Union (using … unconditional ß convergence approach). Income and price levels, inflation rate, interest rate, monetary aggregates, credit …

Persistent link: https://www.econbiz.de/10005677531

The Costs and Benefits of Euro-sation in Central-Eastern Europe Before or Instead of EMU Membership

Nuti, D. Mario - William Davidson Institute, University of Michigan - 2000

monetary, real, and institutional convergence already achieved beforehand. Positive net advantages may derive from dollar …

Persistent link: https://www.econbiz.de/10005677559

Getting Behind the East-West [German] Wage Differential: Theory and Evidence

Burda, Michael C.; Schmitd, Christoph M. - William Davidson Institute, University of Michigan - 1997

the labor force. Furthermore, we derive and estimate a measure of East-West wage convergence that accounts for both …

Persistent link: https://www.econbiz.de/10005677665