Showing 39,571 - 39,580 of 39,938
Persistent link: https://www.econbiz.de/10005514722
In this paper, we present indirect evidence that the IMF’s insistence on foreign control of two large nationwide Korean banks in exchange for short-term support during the 1997 financial crisis helped restrain soft related lending practices. News signaling the likely sale of a bank to a...
Persistent link: https://www.econbiz.de/10005518211
paper studies the consequences of enterprise privatization and liberalization of product markets, labour markets, and …, privatization is estimated to have positive effects on productivity-enhancing reallocation, but there is less evidence of such …
Persistent link: https://www.econbiz.de/10005518435
This paper estimates the effects of privatization on worker separations and wages using retrospective data from a … differences and to assess types of observable "winners" and "losers" from privatization. Pre-privatization worker-firm matches are … used to control for unobservables in worker and firm selection. The results imply that privatization reduces wages by 5 …
Persistent link: https://www.econbiz.de/10005518438
We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe … employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28% in Romania, 22 …%. Privatization to foreign rather than domestic investors has a larger impact (about 44%) and is much more consistent across countries …
Persistent link: https://www.econbiz.de/10005518439
We analyze the pace and patterns of job reallocation in Ukraine using 1992-2000 panel data on nearly the surviving universe of manufacturing firms inherited from the Soviet Union. Employment growth displays a substantial increase in heterogeneity during this transition period, with a...
Persistent link: https://www.econbiz.de/10005518446
The literature on mixed oligopoly does not consider the role that the environmental policy of the government plays on the decision whether to privatize public firms. Assuming that there are one public firm and n private firms and that the government chooses an environmental standard we show...
Persistent link: https://www.econbiz.de/10005518736
[EN] We analyse in this paper whether it should be the government of each country that decides whether to privatise a publicly-owned firm (non integration) or whether a supra-national authority should decide whether publicly-owned companies in the different countries should be privatised...
Persistent link: https://www.econbiz.de/10005518744
Theoretical considerations suggest that as market institutions are developing in Russian regions, the divergence of regional consumer price levels, which has been caused by the price liberalization of 1992, should give way to price level convergence. Using price dynamics data (overall consumer...
Persistent link: https://www.econbiz.de/10005519020
The FDI inflow to Central, East and Southeast Europe reached a new high in 2006, EUR 77 billion, 30% more than in the previous year. But the FDI inflow and its growth were unevenly distributed. The inflow was stagnating in the NMS-5 but increasing in Southeast Europe and the European CIS. This...
Persistent link: https://www.econbiz.de/10005523461