Showing 1 - 10 of 197
multifactor productivity (MFP), which plays a crucial role in GDP growth and accounts for a significant share of its cross … productivity. Both privatisation and entry liberalisation are estimated to have a positive impact on productivity. In manufacturing …
Persistent link: https://www.econbiz.de/10012443921
The recovery from the current deep recession caused by the COVID-19 pandemic will require raising productivity through … competition, firms face weak incentives to become more productive. Sizeable shares of labour and capital are trapped in low-productivity … by high trade barriers that have precluded Brazil from the opportunities that an increasingly integrated world economy …
Persistent link: https://www.econbiz.de/10012630141
The euro area financial system took excessive risks during the global credit boom, which in some countries led to an unsustainable increase in credit, higher asset prices and housing booms. This process helped to fuel large imbalances within the euro area. Banks played a key role in channelling...
Persistent link: https://www.econbiz.de/10012442946
Reforms to modernise and strengthen the financial sector have continued in recent years. The cleaning-up of the stock of non-performing loans is largely completed and considerable progress has been made in improving commercial banks’ corporate governance structures and risk management systems....
Persistent link: https://www.econbiz.de/10012447117
significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically … banking services and financial instruments. The regulatory indicators are assembled from surveys conducted by the World Bank …
Persistent link: https://www.econbiz.de/10012444857
The Mexican banking crisis of 1994/95 necessitated a major government rescue operation - estimated to have cost about 20 per cent of GDP. Since then, financial sector reforms have been implemented and the performance of the Mexican financial system has markedly improved, as shown by indicators...
Persistent link: https://www.econbiz.de/10012446004
Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion...
Persistent link: https://www.econbiz.de/10012446256
The global crisis exposed weaknesses in the Hungarian financial system that pose risks to financial stability. Excessive risk-taking by banks and households had been masked by relatively stable exchange rates, the expected early adoption of the euro and unusually lax credit conditions in...
Persistent link: https://www.econbiz.de/10012446331
The paper uses a data base on regulation, market structure and performance in the air passenger transportation industry, to analyse the links among liberalisation, private ownership, competition, efficiency and airfares at national and route levels. Covering the 1996-97 travel season, 21...
Persistent link: https://www.econbiz.de/10012443072
Russia in 2003 embarked on the restructuring of its electricity sector. The reform is intended to introduce competition into electricity production and supply, leaving dispatch, transmission and distribution as regulated natural monopolies with non-discriminatory third-party access to the...
Persistent link: https://www.econbiz.de/10012444056