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We follow Woo (2011) in using the Catch-Up Index (CUI) to define the middle-income trap and identify the countries caught in it. The CUI shows that China became a middle-income country in 2007-2008. We see five major types of middle-income trap that China is vulnerable to (a) fiscal stress from...
Persistent link: https://www.econbiz.de/10013097879
There is a growing international concern about the slowdown in productivity growth, especially as labor productivity enhancements are important drivers of higher generalised living standards. Using administrative data of firms in Portugal between 2010 and 2016, we analyse the relationships...
Persistent link: https://www.econbiz.de/10012696465
Persistent link: https://www.econbiz.de/10013197833
The post-communist transition in the former Soviet Union (FSU) cannot be considered entirely successful, especially in the political and institutional spheres. Nevertheless, in the economic sphere, the transition process succeeded in rebuilding the foundations of market economies based on...
Persistent link: https://www.econbiz.de/10015394283
Persistent link: https://www.econbiz.de/10002402888
It is generally agreed that privatization of state-owned enterprises (SOEs) improves economic efficiency, but it is … a theoretical model of the macroeconomic relationships between privatization, efficiency, output, and employment. The … model explains how privatization affects employment in transition and developing economies through different, and often …
Persistent link: https://www.econbiz.de/10013066765
1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that ‘mass privatization’ is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10003342122
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10011606670
The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the...
Persistent link: https://www.econbiz.de/10014059705
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10014070511