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In 1996/1997 Bulgaria was hit by a severe financial crisis, spreading from a banking crisis to a currency crisis … also show how Bulgaria managed to overcome the crisis by introducing a second generation currency board allowing the …
Persistent link: https://www.econbiz.de/10010305440
Using Bulgarian Integrated Household Surveys for 1995, 1997 and 2001 this paper explores determinants of labor force status – not working, public sector employment, private sector employment and self-employment – and earnings for each of the three employment sectors. We find that while...
Persistent link: https://www.econbiz.de/10010261906
This paper exploits the rapid rise in self-employment rates in post-communist Eastern Europe as a valuable ?quasi-experiment? for understanding the sources of entrepreneurship. A relative demand-supply model and an individual sectoral choice model are used to analyze a 1993 survey of 27,000...
Persistent link: https://www.econbiz.de/10010262299
Using Bulgarian Integrated Household Surveys for 1995, 1997 and 2001 this paper explores determinants of labor force status – not working, public sector employment, private sector employment and self-employment – and earnings for each of the three employment sectors. We find that while...
Persistent link: https://www.econbiz.de/10010263229
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if … better (with respect to other CEEC) monetary integration of Bulgaria with the European Monetary Union (EMU). Since Bulgarian … terms of integration of Bulgaria into the EMU. …
Persistent link: https://www.econbiz.de/10010274842
expenditure surveys. We apply this method to the case of Bulgaria using LSMS income and expenditure surveys before and after a …
Persistent link: https://www.econbiz.de/10010278408
developed. The empirical analysis using data from manufacturing firms in Bulgaria, provides direct estimates of credit rationing …
Persistent link: https://www.econbiz.de/10010313400
This paper analyses the relation between authority and incentives. It extends the standard principal / agent model by a project selection stage in which the principal can either delegate the choice of project to the agent or keep the authority. The agent's subsequent choice of e ort depends both...
Persistent link: https://www.econbiz.de/10010299113
Persistent link: https://www.econbiz.de/10011318692
Die Globalisierung wirtschaftlicher Aktivitäten bei gleichzeitiger Fragmentierung und Dynamisierung der Markts verschärft den internationalen Kosten- und Innovationswettbewerb. Flexibilität und Innovationsfähigkeit sind zu entscheidenden Wettbewerbsfaktoren geworden. Viele Unternehmen haben...
Persistent link: https://www.econbiz.de/10010332957