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Ukraine's economic performance has been anemic since the early 1990s. A major impediment to productivity growth has … institutional weakness in Ukraine and quantify the long-term growth impact of catching-up to Poland in terms of the quality of major … most optimistic scenario, where institutional gaps are fully addressed, Ukraine would need 15 years to catch up to Poland …
Persistent link: https://www.econbiz.de/10012604788
particular reference to Ukraine’s experience since 1992. We find that, while real credit growth is indeed associated with higher …
Persistent link: https://www.econbiz.de/10014395883
After a long period of steep decline which followed the breakup of the Soviet Union, Ukraine''s economy rebounded in …
Persistent link: https://www.econbiz.de/10014399581
This paper provides a unified analysis for the onset of the 1998 financial crisis and the strong economic recovery afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence of a lemons credit market and high government...
Persistent link: https://www.econbiz.de/10014404142
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
Persistent link: https://www.econbiz.de/10010388590
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579
Even modest investment rates may achieve satisfactory rates of growth in the reforming economies of Eastern Europe because their relative capital scarcity implies high rates of productivity for capital. The most serious obstacle to private investment is uncertainty about the reform process,...
Persistent link: https://www.econbiz.de/10014396376
Despite the rapid increase in FDI flows to LICs, there have been relatively few studies that have specifically examined these flows. This paper attempts to partially fill the void by throwing light on one particularly dynamic aspect of global FDI-flows from Brazil, Russia, India and China...
Persistent link: https://www.econbiz.de/10014398601
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10014401740