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The Effect of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies

Konings, Jozef - eSocialSciences - 2009

productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland …

Persistent link: https://www.econbiz.de/10008458161

External Balance Adjustment: An Intra-National and International Comparison

Smith, Constance - Department of Economics, University of Alberta - 2011

Large external imbalances have become a policy concern. This study investigates the determinants of external balances for regions within a single country — Canadian provinces — as well as for a sample of 18 OECD countries. External balance adjustment may differ for provinces since there are...

Persistent link: https://www.econbiz.de/10009318571

Twin deficits: new evidence from a developing (oil vs. non-oil) countries’ perspective

Eldemerdash, Hany; Metcalf, Hugh; Maioli, Sara - In: Empirical Economics 47 (2014) 3, pp. 825-851

We test the relationship between the current account and fiscal policy for a group of small open developing economies with fixed exchange rates some of which are oil exporters. Specifically, we test the viewpoint of a Ricardian infinite-horizon representative agent model in which lower public...

Persistent link: https://www.econbiz.de/10010994453

Does Financial and Goods Market Integration Matter for the External Balance? A Comparison of OECD Countries and Canadian Provinces

Smith, Constance - Department of Economics, University of Alberta - 2010

Large current account deficits have become a policy concern. The trend toward international capital market liberalization has improved access to foreign pools of saving which has allowed the expansion of current account deficits. There are minimal barriers to capital flows within a country, so...

Persistent link: https://www.econbiz.de/10008472645

A Tradeoff between the Output and Current Account Effects of Pension Reform

Catalan, Mario; Magud, Nicolas E. - International Monetary Fund (IMF) - 2012

We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the...

Persistent link: https://www.econbiz.de/10010790246

Indian bank efficiency and productivity changes with undesirable outputs: A disaggregated approach

Fujii, Hidemichi; Managi, Shunsuke; Matousek, Roman - In: Journal of Banking & Finance 38 (2014) C, pp. 41-50

The objective of this study is to examine technical efficiency and productivity growth in the Indian banking sector over the period from 2004 to 2011. We apply an innovative methodological approach introduced by Chen et al. (2011) and Barros et al. (2012), who use a weighted Russell directional...

Persistent link: https://www.econbiz.de/10010719840

Bulgaria; 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria

International Monetary Fund (IMF); International … - 2012

Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt …

Persistent link: https://www.econbiz.de/10011245064

Benchmark on the Taxation Administrations in the EU: Competition for Capital Invested

Bujdosó, László; PhD, Tamás Hartványi; Nagy, Viktor - Keleti Károly Gazdasági Kar, Óbudai Egyetem

, Department of Logistics and Forwarding started a project on the establishment of new transporting companies in Bulgaria and … Romania. We focused on the differences between the countries newly joined the European Union on January 1, 2007 and Hungary …

Persistent link: https://www.econbiz.de/10005764526

The Impact on Structural Reforms on Employment Growth and Labour Productivity: Evidence from Bulgaria and Romania

Dimova, Ralitza - William Davidson Institute, University of Michigan - 2003

Using firm-level data from Bulgaria and Romania, this paper addresses a lacuna in the transition literature, namely … net job creation at the firm level was affected by privatization in Bulgaria, privatization in Romania did not have any … effect on firm-level employment growth. Further, Olley-Pakes (1996) decomposition indicates that in Bulgaria, over time …

Persistent link: https://www.econbiz.de/10005677589

Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?

Égert, Balázs - William Davidson Institute, University of Michigan - 2005

This paper investigates the equilibrium exchange rates of three Southeastern European countries (Bulgaria, Croatia and … Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons …

Persistent link: https://www.econbiz.de/10005677613