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The impact of institutional volatility on financial volatility in transition economies: a GARCH family approach
Hartwell, Christopher A. - 2014
The volatility of financial markets has been a relevant topic for transition economies, as the countries of Central and … the transition process. But what have been the determinants of this financial volatility? This paper posits that … volatility in transition. Examining 20 transition economies over various time-frames within the period 1993-2012, this paper …
Persistent link: https://www.econbiz.de/10012148723
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The impact of institutional volatility on financial volatility in transition economies: a GARCH family approach
Hartwell, Christopher A. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
The volatility of financial markets has been a relevant topic for transition economies, as the countries of Central and … the transition process. But what have been the determinants of this financial volatility? This paper posits that … volatility in transition. Examining 20 transition economies over various time-frames within the period 1993–2012, this paper …
Persistent link: https://www.econbiz.de/10010752334
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Is mining fuelling long-run growth in Russia? Industry productivity growth trends since 1995
Timmer, Marcel P.; Voskoboynikov, Ilya B. - 2013
GDP per capita growth rates in Russia have been among the highest in the world since the mid?1990s. Previous growth accounting research suggests that this was mainly driven by multi-factor productivity (MFP) growth. In this paper we analyse for the first time the drivers of Russian growth for...
Persistent link: https://www.econbiz.de/10012148705
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Privatization and the unusual case of Belarusian accession to the WTO
Balistreri, Edward J.; Olekseyuk, Zoryana; Tarr, David G. - 2017
The accession negotiations of Belarus to the WTO are unusual since, due to its obligations in the Eurasian Economic Union, WTO accession is not expected to impact its tariffs or formerly substantial trade distorting agricultural subsidies. Nonetheless, we estimate that WTO accession will...
Persistent link: https://www.econbiz.de/10012148796
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Is mining fuelling long-run growth in Russia? Industry productivity growth trends since 1995
Timmer, Marcel P.; Voskoboynikov, Ilya B. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
GDP per capita growth rates in Russia have been among the highest in the world since the mid-1990s. Previous growth accounting research suggests that this was mainly driven by multi-factor productivity (MFP) growth. In this paper we analyse for the first time the drivers of Russian growth for...
Persistent link: https://www.econbiz.de/10010818574
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Is corruption an efficient grease?
Méon, Pierre-Guillaume; Weill, Laurent - 2008
This paper tests whether corruption may act as an efficient grease for the wheels of an otherwise deficient institutional framework. We analyze the interaction between aggregate efficiency, corruption, and other dimensions of governance for a panel of 54 developed and developing countries. Using...
Persistent link: https://www.econbiz.de/10012148564
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Do better institutions improve bank efficiency? evidence from a transitional economy
Hasan, Iftekhar; Wang, Haizhi; Zhou, Mingming - 2008
The pace of transition in China over the last two decades has led to great variation across the country in terms of …
Persistent link: https://www.econbiz.de/10012148572
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Corrupt bureaucrats, bad managers, and the slow race between education and technology
Lyubimov, Ivan - 2016
​We study a developing economy in which the representative firm's production function exhibits complementarities between human capital and the available level of technology. The firm invests in the acquisition of new technology, while employees decide how much human capital to acquire. The...
Persistent link: https://www.econbiz.de/10012148786
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One-child policy in China: A unified growth analysis
Xue, Jianpo; Yip, Chong K. - 2017
This paper examines the effects of China's One Child Policy (OCP) in a stylized unified growth model where demographic change plays a central role. Introducing a population constraint into Galor and Weil (2000) model, our theoretical analysis shows that parents are willing to invest in the...
Persistent link: https://www.econbiz.de/10012148816
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The slow road from serfdom: Labor coercion and long-run development in the former Russian Empire
Buggle, Johannes C.; Nafziger, Steven - 2018
This paper examines the long-run economic consequences of Russian serfdom. Employing data on the intensity of labor coercion at the district level in just prior to emancipation in 1861, we document that a greater legacy of serfdom is associated with lower economic well-being today. Our estimates...
Persistent link: https://www.econbiz.de/10012148838