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The paper analyzes the factors behind the reorientation of transition countries’ exports to their non-traditional partners outside their former block. First, the amount of reorientation is calculated using a gravity model. Then, reasons for the cross-country differences in the rate of closing...
Persistent link: https://www.econbiz.de/10009476672
Using data from the China Urban Labor Survey conducted in five large Chinese cities at year end 2001, we quantify the nature and magnitude of shocks to employment and worker benefits during the period of economic structuring from 1996 to 2001, and evaluate the extent to which adversely affected...
Persistent link: https://www.econbiz.de/10009477027
A general consensus in the transition economies literature links the existence of enterprise restructuring with the … whether the lack of economic growth is caused by the lack of enterprise restructuring. Complicating the debate in Russia is … the confusion regarding the role of barter transactions in enterprise restructuring. Much of the confusion is generated by …
Persistent link: https://www.econbiz.de/10009477077
Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on …
Persistent link: https://www.econbiz.de/10009477243
This paper examines the empirical evidence on the impact of reforms in the financial sector in Romania in the period 1993-1995. The methodological framework of the paper is based on a theoretical model of intertemporal bank lending in a transition country with uncertain prospects for...
Persistent link: https://www.econbiz.de/10009477453
Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the...
Persistent link: https://www.econbiz.de/10009476699
restructuring process in these economies makes the inflation forecasting process more difficult and introduces an additional source …
Persistent link: https://www.econbiz.de/10009476778
Advocates of financial regulation, Arestis and Demetriades, argue that financial liberalisation does not impact on financial market efficiency and the allocation of investment. Results in this study find that Czech, Hungarian and Polish firms are subject to scrutiny when applying for credit. The...
Persistent link: https://www.econbiz.de/10009476848
The Czech Republic, Hungary and Poland all experienced an initial reduction in the number of industries and an increase in unemployment, once they moved to a market driven economy. Over time the unemployment problem reduced in significance though Poland still experiences high levels to date....
Persistent link: https://www.econbiz.de/10009476874
Results support Arestis’s theory, that low real interest rates do not prevent economic growth (though he related it to the regulation debate). Here in the deregulation environment, it also stands. Results also support Shaw’s assertion that financial liberalisation increases the monetary...
Persistent link: https://www.econbiz.de/10009476877