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This paper presents a simple model for analysing the contribution of investments in physical and institutional infrastructure to the transition process. In addition to the direct cost savings, infrastructure investment generates important indirect effects, or transition impacts. The model shows...
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converted, during recent years, into a modern banking system, reflecting the developing market economy in Albania, with many … country-specific features. Given such characteristics, and the fact that the new market economy in Albania with still … in Albania. The paper analyzes and investigates how bank competition affects efficiency of credit allocation, using the …
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"We analyze a large stratified random sample of firms that provide us with measures of performance and each firm's top manager's perception of the severity of business environment constraints faced by his/her firm. Unlike most existing studies that rely on external and aggregated proxy measures...
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