Showing 1 - 10 of 42
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
Our aim is to investigate whether the direct payments and rural development measures of theEU’s Common Agricultural Policy (CAP) do make jobs in agriculture safer. We work with adynamic labour demand equation that is augmented by the full set of policy instruments of theCAP. It is estimated on...
Persistent link: https://www.econbiz.de/10009446120
The thesis analyzes monetary and labor policies under different market frictions. In the first part several versions of a microfounded dynamic general equilibrium model with monopolistic competitors in the product and/or labor market are derived and simulated. First of all, the monetary...
Persistent link: https://www.econbiz.de/10009428998
There is a continuing debate on whether or not ownership changes accompanying privatization of state-owned enterprises … of telecommunication firms around the world, 4 years before and 4 years after privatization, using two parallel measures … could corroborate stronger evidence for or against maintained hypothesis of performance improvements after privatization …
Persistent link: https://www.econbiz.de/10009441699
and revisits policy implications. Practical implications – No one policy fits all in Indonesia for privatization programme …
Persistent link: https://www.econbiz.de/10009441700
Privatization and market liberalization are widely considered to be complementary reforms in transition economies. This … pursued too vigorously, privatization may actually impede the transition process following market liberalization. Our result … analysis, less than full privatization is optimal when the costs of learning are sufficiently important. …
Persistent link: https://www.econbiz.de/10009447260
This paper examines the fiscal impact of privatization revenues in 47 developing countries. There are many reasons that … privatization is attractive for the central government of developing countries. If substantial, these revenues from the sale of … state owned enterprises can present a potential solution to persistent deficits. On the other hand, the privatization …
Persistent link: https://www.econbiz.de/10009468754
Actual investment performance reflects the underlying strategy of the portfolio manager and the execution costs incurred in realizing those objectives. Execution costs, especially in illiquid markets, can dramatically reduce the notional return to an investment strategy. This paper examines the...
Persistent link: https://www.econbiz.de/10009476685
This paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...
Persistent link: https://www.econbiz.de/10009476768
mass privatization program) creates severe supply-and-demand shocks for enterprises, inducing firm failure. This leads to a …
Persistent link: https://www.econbiz.de/10009476836