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supporting institutions such as property rights and rule of law. But how do these two aspects of the institutional environment … hinder it? Examining monthly data for 21 transition economies over a shifting monthly window from 1989 to 2012, and using a …
Persistent link: https://www.econbiz.de/10010490506
market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions … that characterise the transition process in both the economic and political realms. Contrary to a widespread assumption …, market-supporting institutions do not necessarily arise when assets are privatised in a highly unstable and uncertain …
Persistent link: https://www.econbiz.de/10014455426
We analyze theoretically and empirically the impact of the shadow economy on entrepreneurial entry, utilising 1998-2005 individual-level Global Entrepreneurship Monitor data merged with macro level variables. A simple correlation coefficient suggests a positive linear link between the size of...
Persistent link: https://www.econbiz.de/10008689039
economy in transition creates its own demand for the enforcement of laws to protect those rights. Our model contains a …
Persistent link: https://www.econbiz.de/10014358239
Persistent link: https://www.econbiz.de/10010192960
Persistent link: https://www.econbiz.de/10012109405
This paper provides new evidence on the impact of the housing collateral lending channel on entrepreneurial activities by allowing homeowners to access property equity and invest in new businesses. We exploit dual housing property rights forms in China as an instrument, where complete access to...
Persistent link: https://www.econbiz.de/10012868689
Persistent link: https://www.econbiz.de/10013352757
Unlike the narrow approach currently prevailing in the literature, this paper proposes a Nash bargaining model to explore an optimal strategy for state-owned enterprise (SOE) reforms in China. We argue that ceteris paribus the current illnesses of low efficiency and rent-seeking commonly...
Persistent link: https://www.econbiz.de/10012902547
the two key institutions of capitalism, private property rights and the freedom of exchange. Unlike communism, which used …
Persistent link: https://www.econbiz.de/10003935370