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Do (successful) stock exchanges support or hinder institutions in transition economies?
Hartwell, Christopher A. - In: Cogent economics & finance 2 (2014) 1, pp. 2-18
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
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Great expectations : a tale of two transitions
Girardi, Daniele; Veneziani, Roberto; Wengle, Susanne - 2023
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
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Shadow economy and entrepreneurial entry
Estrin, Saul; Mickiewicz, Tomasz - 2010
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
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Are Property Rights Enough? Re-Evaluating a Big-Bang Claim
Katz, Barbara G.; Owen, Joel - 2023
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
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Institutional deterioration in transition economies : playing follow-the-leader during the global financial crisis?
Hartwell, Christopher A. - In: Transition studies review 20 (2013) 2, pp. 131-147
Persistent link: https://www.econbiz.de/10010192960
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The impact of institutional volatility on financial volatility in transition economies
Hartwell, Christopher A. - In: Journal of comparative economics : the journal of the … 46 (2018) 2, pp. 598-615
Persistent link: https://www.econbiz.de/10012109405
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Housing Property Rights, Collateral, and Entrepreneurship : Evidence from China
Fan, Gang-Zhi - 2019
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
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Avramović's contribution to the transition to market economy in Yugoslavia
Uvalić, Milica - In: Panoeconomicus 69 (2022) 2, pp. 265-282
Persistent link: https://www.econbiz.de/10013352757
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Property Rights, Endowment Structure and Reforms of Large SOEs in China-a Nash Bargaining Approach
Liu, Xiaojie - 2019
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
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From social democracy to liberal socialism: a property rights analysis of the transition in Europe
Pejovič, Svetozar - In: New perspectives on political economy : NPPE ; a … 5 (2009) 1, pp. 33-63
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