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privatization, but also that most respondents prefer to leave firms in private hands. We test three theories of support for reform … by examining who wants to revise privatization and why. First, consistent with a "utilitarian" view, respondents with … poor human capital and few assets support revising privatization in all institutional settings and hold this view because …
Persistent link: https://www.econbiz.de/10014224806
A stock exchange and the presence of functioning equity markets are part and parcel of an advanced market-based financial system. Previous research has also established that equity markets function more efficiently in the presence of supporting institutions such as property rights and rule of...
Persistent link: https://www.econbiz.de/10010490506
In this paper, we analyze the growth effects of historical and biological ancestry, diversity and financial development in transition economies. We show that the common indicators of ethnolinguistic fractionalization, state history and genetic distance yield significant results and to some...
Persistent link: https://www.econbiz.de/10011596107
Persistent link: https://www.econbiz.de/10013485104
Various characterisations exist of the model of post-social capitalism. While most typologies underscore the prominent role of the state in post-socialist capitalism compared to Western economies, the literature is less clear about what exactly this role consists of. For the case of East Central...
Persistent link: https://www.econbiz.de/10012900264
firms. After privatization, the focus shifted to creating a level playing field in the product market by protecting property …
Persistent link: https://www.econbiz.de/10011433515
all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was … has occurred. What went wrong? How could privatization be done better, or be defended? What should be done to defend … private enterprise in the future? This paper argues that the nature of privatization is far less important than the …
Persistent link: https://www.econbiz.de/10012628516
Over 1.8 billion people, from Central Europe to East Asia, have been involved in the great systemic transformation to market economy, civic society and democracy. The process has brought mixed fruits. The diversification of the current situation is a result of both the legacy from the past and...
Persistent link: https://www.econbiz.de/10008661244
Belarus was among the few post-communist countries to resign from comprehensive market reforms and attempt to improve the efficiency of the economy through administrative means, leaving market mechanisms only an auxiliary role. Since its inception, the 'Belarusian economic model' has undergone...
Persistent link: https://www.econbiz.de/10012230898
Persistent link: https://www.econbiz.de/10003674750