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Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Persistent link: https://www.econbiz.de/10005106885

Banking sector development in CEE countries: panel data approach

Skrabic, Blanka; Arneric, Josip - In: International Journal of Sustainable Economy 3 (2011) 3, pp. 281-293

financial development. Therefore, this paper deals with banking sector analysis of the CEE emerging countries, which are still … more bank based. Empirical results will show as which macroeconomic variables affect banking sector development in CEE … from 16 CEE countries during the period 1994â€“2007. Parameters of the panel data model will be estimated using GMM method. …

Persistent link: https://www.econbiz.de/10009352645

Banking reform and development in transition economies

Fries, Steven; Taci, Anita - European Bank for Reconstruction and Development (EBRD) - 2002

While development of sound, market-oriented banking systems is fundamental to the transition, bank intermediation remains stunted after a decade or more of reform. This paper examines the impact of banking and enterprise reforms and other factors on banking development in transition economies at...

Persistent link: https://www.econbiz.de/10008595692

Financial Development and Economic Growth in Poland in Transition: Causality Analysis

Gurgul, Henryk; £ukasz Lach - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 4, pp. 347-367

This study examines the causal relationship between economic growth and financial development in Poland on the basis of quarterly data for the period 2000 Q1–2011 Q4. In order to examine the impact of the 2008 financial crisis on the structure of financial sector- GDP links in Poland we...

Persistent link: https://www.econbiz.de/10010607661

Spatial price dynamics and integration in russian food markets

Goodwin, Barry K.; Grennes, Thomas J.; McCurdy, Christine - In: Journal of Economic Policy Reform 3 (1999) 2, pp. 157-193

This paper evaluates dynamic elements of spatial market linkages for several important food commodities in the Russian Federation. We argue that delivery lags and other impediments to regional commodity trade may delay price responses. Standard regression and cointegration tests that compare...

Persistent link: https://www.econbiz.de/10009208109

Shocks and rigidities as determinants of CEE labor markets' performance. A panel SVECM approach

Bukowski, Maciej; Koloch, Grzegorz; Lewandowski, Piotr - Volkswirtschaftliche Fakultät, … - 2008

In this paper the dynamic responses of labor markets to macroeconomic shocks in eight CEE countries are empirically …

Persistent link: https://www.econbiz.de/10005835482

Are the Central European Stock Markets Still Different? A Cointegration Analysis

Rousova, Linda - Volkswirtschaftliche Fakultät, … - 2009

The Central European countries became members of the European Union (EU) in May 2004. Has their accession into the EU also resulted in a stronger financial integration with the global economy in general and with the "old" EU countries in particular? Based on a cointegration analysis applied to...

Persistent link: https://www.econbiz.de/10004998480

How Important are Foreign Banks in the Financial Development of European Transition Countries?

Naaborg, Ilko; Scholtens, Bert; Haan, Jakob de; Bol, Hanneke - CESifo - 2003

This paper analyzes the development of the banking sector in European transition countries. We find that, although bank assets increased during the 1990s, credit to the private sector remained relatively low. Foreign-owned banks have become major players in the financial system of these...

Persistent link: https://www.econbiz.de/10005094365

Financial System Reform in Kazakhstan from 1993 to 2006 and Its Socioeconomic Effects

Akimov, Alexandr; Dollery, Brian - In: Emerging Markets Finance and Trade 44 (2008) 3, pp. 81-97

Voluminous theoretical and empirical literature examines the relation between financial-sector development and economic growth. However, previous studies have largely ignored progress in former Soviet Central Asian republics engaged in transition from socialist command economies to market...

Persistent link: https://www.econbiz.de/10005543951

Shocks and rigidities as determinants of the CEE labor markets’ performance - a panel SVECM approach -

Bukowski, Maciej Krzysztof; Koloch, Grzegorz; … - Instytut Badań Strukturalnych - 2008

We analyze with panel SVECM the impact of real wage, productivity, labor demand and supply shocks on the eight CEE … of shocks on CEE labor markets resembles the one found for OECD countries. Labor demand shocks emerge as the main …

Persistent link: https://www.econbiz.de/10011171794