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The increase in exports to market economies is a good sign, but it is not conclusive about the extent of restructuring … analysis of their exports’ quality, interprets the results for the extent of restructuring, and discusses the potential factors …
Persistent link: https://www.econbiz.de/10005677718
The paper analyzes the factors behind the reorientation of transition countries’ exports to their non-traditional partners outside their former block. First, the amount of reorientation is calculated using a gravity model. Then, reasons for the cross-country differences in the rate of closing...
Persistent link: https://www.econbiz.de/10009476672
We present a simple computable model of EC footwear production and trade coupled with a rudimentary production model for Eastern Europe. We simulate the liberalization of EC footwear imports from Eastern Europe as planned under the so-called Europe Agreements. We find that if Eastern Europe can...
Persistent link: https://www.econbiz.de/10005497711
economic restructuring programs in Eastern Europe. It successfully used a combination of aid packages and advice-giving, to …
Persistent link: https://www.econbiz.de/10005256961
Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the...
Persistent link: https://www.econbiz.de/10009476699
restructuring process in these economies makes the inflation forecasting process more difficult and introduces an additional source …
Persistent link: https://www.econbiz.de/10009476778
Advocates of financial regulation, Arestis and Demetriades, argue that financial liberalisation does not impact on financial market efficiency and the allocation of investment. Results in this study find that Czech, Hungarian and Polish firms are subject to scrutiny when applying for credit. The...
Persistent link: https://www.econbiz.de/10009476848
The Czech Republic, Hungary and Poland all experienced an initial reduction in the number of industries and an increase in unemployment, once they moved to a market driven economy. Over time the unemployment problem reduced in significance though Poland still experiences high levels to date....
Persistent link: https://www.econbiz.de/10009476874
Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...
Persistent link: https://www.econbiz.de/10009476877
the insiders has produced little restructuring while on the other, state-owned enterprises have engaged in some … restructuring even in the absence of a clear prospect of privatization. It situates enterprise restructuring at the heart of the … of the speed and depth of restructuring, and clarifies the roles of managers, employees, the state, and banks in bringing …
Persistent link: https://www.econbiz.de/10005123917