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The Argentina Paradox: Microexplanations and Macropuzzles

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...

Persistent link: https://www.econbiz.de/10011083510

Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance

Buiter, Willem H.; Lago, Ricardo; Rey, Hélène - C.E.P.R. Discussion Papers - 1997

The paper analyses the theoretical arguments and empirical evidence linking enterprise performance in transition economies to the macroeconomic environment. Macroeconomic instability is traced to the unsustainability of the fiscal-financial and monetary programmes of the state and to regulatory...

Persistent link: https://www.econbiz.de/10005136652

Does Self-Employment Reduce Unemployment?

Audretsch, David B; Carree, Martin A; Thurik, A R Roy; … - C.E.P.R. Discussion Papers - 2005

This paper investigates the dynamic relationship between self-employment and unemployment rates. On the one hand, high unemployment rates may lead to start-up activity of self-employed individuals (the 'refugee' effect). On the other hand, higher rates of self employment may indicate increased...

Persistent link: https://www.econbiz.de/10005136514

Some Lessons from Economic Transformation in East Germany

Bofinger, Peter; Cernohorsky, Ivan - C.E.P.R. Discussion Papers - 1992

The paper compares the experience with shock therapies in East Germany, Poland and the CSFR. After an analysis of the individual starting conditions and economic performance since the inception of comprehensive reform programmes it focuses on the specific elements of the East German reform...

Persistent link: https://www.econbiz.de/10005123780

What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany

Constant, Amelie; Shachmurove, Yochanan; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

This Paper focuses on the entrepreneurial endeavors of immigrants and natives in Germany. We pay closer attention to Turks, since they are the largest immigrant group with a strong entrepreneurial tradition; self-employed Turks in Germany represent about 70% of all Turkish entrepreneurs in the...

Persistent link: https://www.econbiz.de/10005497816

Entrepreneurship: Origins and Returns

Berglann, Helge; Moen, Espen R; Roed, Knut; Skogstrøm, … - C.E.P.R. Discussion Papers - 2009

We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …

Persistent link: https://www.econbiz.de/10005079007

Self-Employment Dynamics Across the Business Cycle: Migrants vs Natives

Constant, Amelie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

Economically active people are either in gainful employment, are unemployed or self-employed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...

Persistent link: https://www.econbiz.de/10005124236

Understanding Money Demand in the Transition from a Centrally Planned to a Market Economy

Delatte, Anne-Laure; Fouquau, Julien; Holz, Carsten - C.E.P.R. Discussion Papers - 2013

Fundamental changes in institutions during the transition from a centrally planned to a market economy present a formidable challenge to monetary policy decision makers. For the case of China, we examine the institutional changes in the monetary system during the process of transition and...

Persistent link: https://www.econbiz.de/10011083869

A Macro-Theoretic Model of the Chinese Economy

Dixon, Huw David - C.E.P.R. Discussion Papers - 1996

A stylized model of the Chinese economy is developed with three production sectors: agriculture, non-traded industrial goods, and industrial exports. The state purchases food from farmers by dual-track pricing; urban food sales are subsidized through ration coupons. Marginal prices clear markets...

Persistent link: https://www.econbiz.de/10005123495

Limited Macroeconomic Convergence in Transition Countries

Kocenda, Evzen - C.E.P.R. Discussion Papers - 1999

This paper analyzes performance of the transition economies in the Central and Eastern European (CEE) countries in terms of their convergence in selected macroeconomic fundamentals. The analysis uses monthly data on industrial output, money aggregate (M1), consumer prices and producer prices...

Persistent link: https://www.econbiz.de/10005124389