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Young, Restless and Creative : Openness to Disruption and Creative Innovations

Acemoglu, Daron - 2015

This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...

Persistent link: https://www.econbiz.de/10013034169

Digital Rights Management and the Pricing of Digital Products

Park, Yooki - 2008

As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...

Persistent link: https://www.econbiz.de/10012727035

What Directions for Labor Market Institutions in Eastern and Central Europe?

Freeman, Richard B. - 2021

Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …

Persistent link: https://www.econbiz.de/10013220944

Inflation Targeting in Transition Countries : Experience and Prospects

Jonas, Jiri; Mishkin, Frederic S. - 2021

Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well …

Persistent link: https://www.econbiz.de/10013225557

Macroeconomic Policy and Institutions During the Transition to European Union Membership

Branson, William H.; Macedo, Jorge Braga de; Hagen, … - 2021

membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …

Persistent link: https://www.econbiz.de/10013225816

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

Privatization in East European Transformation

Fischer, Stanley - 2021

privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …

Persistent link: https://www.econbiz.de/10013247193

Foreign Trade in Eastern Europe'S Transition : Early Results

Rodrik, Dani - 2021

By the end of 1991, Czechoslovakia, Hungary and Poland have achieved a substantial degree of openness to foreign trade … impressive in all three countries, and import booms are under way in at least Hungary and Poland as well. However, there is no …-8 percent of GDP in Hungary and Czechoslovakia. Export performance is attributable to exchange-rate policy in part, but the …

Persistent link: https://www.econbiz.de/10013248111

Reference-Dependent Job Search : Evidence from Hungary

Della Vigna, Stefano - 2016

evaluate using a unique reform. In 2005, Hungary switched from a single-step UI system to a two-step system, with unchanged …

Persistent link: https://www.econbiz.de/10012991693

Household Savings in Transition Economies

Denizer, Cevdet A. - 2010

Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the …

Persistent link: https://www.econbiz.de/10012763614