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Post-Communist Capitalism and Financial Crisis, or the Mixing of the Necroeconomics and the Zombie-Nomics
Papava, Vladimer - 2012
After the collapse of the Communist regimes, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. An economy of this type is nothing more than a 'necroeconomy.' Dead firms ('zombie-firms') do exist and 'successfully'...
Persistent link: https://www.econbiz.de/10013097442
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The Economic Development Complex in the Black Sea Area : The Impact of the Global Financial and Economic Crisis
Papava, Vladimer - 2012
Currently, the Black Sea Region1 is not as integrated economically as to allow one to outline some common development trends of all regional economies. The most of the region's nations (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Moldova, Romania, Russia, Serbia, and Ukraine), except Greece...
Persistent link: https://www.econbiz.de/10013097446
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Growth with Resilience in East Asia and the 2008-2009 Global Recession
Briguglio, Lino - 2013
This paper assesses why the 2008–2009 global economic recession impacted East Asia less than it did the United States (US) and the European Union (EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent to which a country can absorb or counteract...
Persistent link: https://www.econbiz.de/10013088233
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Institutions, Human Capital and Development
Acemoglu, Daron - 2014
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...
Persistent link: https://www.econbiz.de/10013059292
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The Political Economy of Financial Crisis
Patel, Dharmesh - 2013
The financial collapse of 2007 witnessed free fall of “debt-financed euphoria” caused by complex set of regulations and policies, enacted to direct modern capitalism. The action and policies of regulatory institutions facilitated financial institutions to indulge in risky lending and thus,...
Persistent link: https://www.econbiz.de/10013082190
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On the Main Challenge of the Current Global Financial and Economic Crisis
Papava, Vladimer - 2012
The contemporary financial crisis has transformed into economic crisis. The occurrence of financial crises has encouraged the emergence of a kind of routine which guarantees the stability of a government's bailout programmes implemented through the banking sector in support of de-facto bankrupt...
Persistent link: https://www.econbiz.de/10013097185
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The Global Financial Crisis and the Difficulties of Economic Development in the Central Caucasian Countries
Papava, Vladimer - 2012
global financial crisis having created some general threats for all of the post-Communist countries of the world. Unlike …
Persistent link: https://www.econbiz.de/10013097189
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Wealth
Hamilton, Kirk; Hepburn, Cameron - In: Oxford review of economic policy 30 (2014) 1, pp. 1-20
Persistent link: https://www.econbiz.de/10010466872
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The role of total factor productivity growth in middle-income countries
Kim, Jungsuk; Park, Jungsoo - 2017
We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross-country panel data for the period 1975-2014. We find that TFP growth contributed significantly to a country’s upward transition from middle-income to high-income country group. The TFP...
Persistent link: https://www.econbiz.de/10011754850
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A brief introduction to human capital measures
Liu, Gang; Fraumeni, Barbara M. - 2020
the World Bank (Lange et al., 2018) and by the United Nations Environmental Program and the Urban Institute of Kyushu … the University of Washington (Lim et al., 2018), the United Nations Development Programme (UNDP, 2019), the World Bank … (International Bank for Reconstruction and Development and the World Bank, 2018), and the World Economic Forum (World Economic Forum …
Persistent link: https://www.econbiz.de/10012253374