Showing 41 - 50 of 45,170
This paper uses a Nash bargaining framework to model the causes of the partial reform equilibrium syndrome that characterizes China's state sector. The model demonstrates the nature of the bargain between the principals (i.e., officials from China's State Asset Council) and the agents (large-SOE...
Persistent link: https://www.econbiz.de/10012853205
Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad policy approach should be similar.A necessary condition for effective macroeconomic stabilization is the imposition of hard budget constraints on enterprises. Financial assistance...
Persistent link: https://www.econbiz.de/10012781701
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
Institutional change has taken place gradually since 1978 for State-Owned Enterprises (SOEs) in the Industrial Sector of China. In this paper we estimate the effect of deep reform (the right to hire and fire labour, buy and sell capital and operate on international markets) on the productivity...
Persistent link: https://www.econbiz.de/10013319170
The impressive emergence of China’s economy is set to lose some momentum as the country catches up with more advanced economies and its rapid ageing also weighs on it. However, China can still reap the “reform dividend”, especially with measures to keep up the sustained growth of...
Persistent link: https://www.econbiz.de/10013278668
The desirability of WTO membership for China depends on whether its economic successes have been the result of its discovery of new institutional forms (e.g. dual track pricing, SOE contracts, and fiscal contracts) that are optimal for China's particular economic circumstances, or have been the...
Persistent link: https://www.econbiz.de/10014131390
This paper provides an empirical examination of the relationship between fiscal balance and structural reforms using panel data from 25 transition economies. The results indicate that privatization and restructuring, via unemployment, affect the fiscal balance negatively. This finding provides...
Persistent link: https://www.econbiz.de/10014133704
North Korea has been experiencing a food emergency for more than a decade, and in the 1990s experienced a famine that may have claimed one million lives. The crisis is distinguished by its protracted nature, and while conditions have eased somewhat in recent years, the situation remains quite...
Persistent link: https://www.econbiz.de/10014072802
Two schools of thought have emerged to interpret China's rapid growth. The experimentalist school attributes the successes to incremental experimentation, and claims that resulting non-capitalist institutions have been successful in agriculture where land is not owned by the farmers; in township...
Persistent link: https://www.econbiz.de/10014072816
This book covers the first decade of economic reform in China by examining the various financial aspects of post-reform development, including the reform of banking institutions, the role of interest rate and monetary policy. By studying and reading the early stages of economic and financial...
Persistent link: https://www.econbiz.de/10013011106