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of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …
Persistent link: https://www.econbiz.de/10012203362
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
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/10013310345
Similarly to other post-Communist countries Georgia also embarked transition from a command economy to a market economy. The Georgian experience of reforming its economy should be considered interesting as the country succeeded in overcoming the hyperinflation and the economic downturn was...
Persistent link: https://www.econbiz.de/10013079343
In many respects, the specifically Chinese way of transition from the planned to the market economy contradicts conventional wisdom of economics. This paper proposes an institutionalist explanation of the seeming paradox, which starts out from the structural diversity of the Chinese economy and...
Persistent link: https://www.econbiz.de/10014054018
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
industry in two provinces of China. We find that privatization was associated with increased wage and earnings inequality. We … a matched sample of employees and enterprises, we examine the effects of privatization on wage structures in rural …
Persistent link: https://www.econbiz.de/10014105100
We study the reform of China’s state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first … have a higher borrowing capacity than they would under privatization …
Persistent link: https://www.econbiz.de/10013323695
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10003299971
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10014058137