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The aim of this paper is to test a key aspect of Baumol's theory that the allocation of entrepreneurial efforts toward its productive (e.g., start-up activity) or unproductive (e.g., rent-seeking) use depends on institutional conditions. In contrast to previous research, we study a context where...
Persistent link: https://www.econbiz.de/10012550208
This paper studies the institutional reform process in Central Asia from 1995 to 2006. I compare the institutional reform processes of Central Asian countries to those conducted in their neighbouring countries of Central and (South) Eastern Europe, and the Middle East. The paper identifies...
Persistent link: https://www.econbiz.de/10009530810
The paper analyses the 20-year experience with transition in the SEE countries in a comparative framework, illustrating … 1989 to implement a swift transition to a market economy. The paper recalls the initial conditions in the SEE region in … 1989, macroeconomic performance and progress achieved in the various transition-related economic reforms. The international …
Persistent link: https://www.econbiz.de/10008661219
To predict economic success and failure, academics and policymakers alike are interested in the differences in institutional structures across natural resource-based economies. This paper uses a political economy framework to examine the effect of institutional variables on per capita...
Persistent link: https://www.econbiz.de/10011472013
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10009540751
This piece synthesizes the development strategies of Korea, Malaysia, Thailand and Vietnam and draws some relevant lessons. Using a complex adaptive systems approach, strategic openness, a set of heterodox macroeconomic policies, creation of institutions for productive investment in both...
Persistent link: https://www.econbiz.de/10008660869
Persistent link: https://www.econbiz.de/10013363297
Information and communication technology (ICT) challenges traditional assumptions about the capacity to manage workers beyond organizational and physical boundaries. A typology connects a variety of non-traditional work organizations made possible by ICT, including offshoring, outsourcing,...
Persistent link: https://www.econbiz.de/10012603416
The teleworkability of jobs - whether they can and will be performed remotely - has been increasingly contested in the aftermath of the COVID-19 pandemic. To explain which jobs are teleworkable and why, we emphasize the institutional context of a job, including differences among firms, union...
Persistent link: https://www.econbiz.de/10013392194
Persistent link: https://www.econbiz.de/10003778123