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Eine präzise Darstellung des seit 1989 andauernden Übergangs von der Plan- zur Marktwirtschaft (sowie von der kommunistischen Diktatur zu Demokratien westlicher Prägung) in Mittel- und Osteuropa würde den Rahmen der vorliegenden Arbeit sprengen, die nicht den eigentlichen...
Persistent link: https://www.econbiz.de/10010498987
The policy changes and structural reforms in transition economies over the past two decades have created exogenous variations in institutional development, which offers us an ideal natural experiment to analyse the causal effects of institutions on bank risk-taking behaviour. This paper examines...
Persistent link: https://www.econbiz.de/10013127399
This study examines the cost and profit efficiency of banking sectors in six transition countries of South-Eastern Europe over the period 1998–2008. Using the stochastic frontier approach, our analysis reveals that the average cost efficiency of SEE banks is 68.59% and the average profit...
Persistent link: https://www.econbiz.de/10013127478
Assumptions about the democracy promoting qualities of transitional justice measures abound. However the relatively few … policies have affected democratization. First, this paper demonstrates a robust democracy boost from lustration policies. In …; extensive lustration provides a democracy boost of approximately 30%, even controlling for macroeconomic and political factors …
Persistent link: https://www.econbiz.de/10013049042
This paper is dedicated to the relation between market development and democracy. We distinguish contexts and … preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is … strategy consists in relying on the specific situation of frontier-zones. We find that democracy enhances the support for …
Persistent link: https://www.econbiz.de/10013316944
1992) are added to compare attitudes towards democracy. Two comparisons are made: between countries, and through time, to …
Persistent link: https://www.econbiz.de/10012998755
Persistent link: https://www.econbiz.de/10012230459
This study provides evidence that culture understood as values and beliefs moves very slowly. Despite massive institutional change, values and beliefs in transition countries have not changed much over the last 20 years. Evidence suggests that culture is affected by the long run historical past,...
Persistent link: https://www.econbiz.de/10008662196
The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia … recovered and partly achieved their pre-1991 levels at the end of the last decade. The paper depicts Russia's reform efforts and … demonstrated. The patrimonial system that persisted for centuries is still observable at the state level. At any rate, Russia can …
Persistent link: https://www.econbiz.de/10009486307
. This paper confronts with empirical evidence two approaches to explain barter in Russia: the 'illusion view' and the 'trust … Russia is producing value added by enabling this sector to sell its output at a higher price than its market value. The …
Persistent link: https://www.econbiz.de/10010366569