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Political Connections and Financial Constraints : Evidence from Transition Countries

Bussolo, Maurizio - 2019

This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected firms: (i) have high levels of leverage, (ii) have low levels of profitability, (iii) are...

Persistent link: https://www.econbiz.de/10012865093

Trust and Identity in a Small, Post-Socialist, Post-Crisis Society

Bjørnskov, Christian - 2017

The principal focus in the substantial literature on impediments to economic development has been on the inadequacies of policies and governance. However, successful economic development requires effectiveness of markets and incentives for investment, which in turn require trust. This paper...

Persistent link: https://www.econbiz.de/10012973353

The Energy Transition of the Transition Economies : An Empirical Analysis

Zhang, Fan - 2017

The aggregate manufacturing energy intensity of 28 countries in Eastern Europe and Central Asia had declined by 35 percent during 1998-2008. This study reveals strong evidence of convergence: less efficient countries improved more rapidly and the cross-country variance in energy productivity...

Persistent link: https://www.econbiz.de/10012974536

History of Events and Life-Satisfaction in Transition Countries

Dabalen, Andrew - 2017

Using Life in Transition Survey data for 27 transition countries, the findings of this paper suggest that higher life satisfaction is correlated with lesser experience of unpleasant events such as labor market shock or economic distress, mostly in the recent past. Social capital such as trust,...

Persistent link: https://www.econbiz.de/10012976211

The Creation of the Rule of Law and the Legitimacy of Property Rights : The Political and Economic Consequences of a Corrupt Privatization

Hoff, Karla Ruth; Stiglitz, Joseph E. - 2006

How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors investigate the demand for the rule of law in post-communist economies after privatization under the assumption that theft is possible, that those who have stolen assets cannot...

Persistent link: https://www.econbiz.de/10014060296

Finding a Balance between Growth and Vulnerability Trade-Offs : Lessons from Emerging Europe and the CIS

Ghosh, Swati R. - 2017

This paper examines the growth patterns of emerging Europe and the Commonwealth of Independent States (CIS) countries prior to the global financial crisis. The aim is to draw lessons on what policies can best position these countries going forward to enjoy growth without a buildup in macro and...

Persistent link: https://www.econbiz.de/10012976091

Episodes of Unemployment Reduction in Rich, Middle-Income, and Transition Economies

Freund, Caroline L. - 2017

This paper studies the incidence and determinants of episodes of drastic unemployment reduction, defined as swift, substantial, and sustained declines in unemployment. Forty-three episodes are identified over a period of nearly three decades in 94 rich, middle-income, and transition countries....

Persistent link: https://www.econbiz.de/10012973182

Measuring Corruption in Eastern Europe and Central Asia : A Critique of the Cross-Country Indicators

Knack, Stephen F. - 2016

This paper assesses corruption levels and trends among countries in the transition countries of Eastern Europe and …. Data from firm surveys tend to show improvement in most types of administrative corruption, but little change instate … capturein the region. Broader, subjective corruption indicators tend to show somewhat greater improvement in ECA than in non …

Persistent link: https://www.econbiz.de/10012748012

Governance and Public Service Delivery in Europe and Central Asia : Unofficial Payments, Utilization and Satisfaction

Diagne, Mame Fatou - 2017

Using data from the 2010 Life in Transition Survey, this paper examines the levels of citizens'satisfaction with public service delivery in Europe and Central Asia and identifies some factors that may help explain variation in utilization and levels of satisfaction with service delivery. It...

Persistent link: https://www.econbiz.de/10012975394

Corruption and Productivity : Firm-Level Evidence from the Beeps Survey

De Rosa, Donato - 2017

corruption is more prevalent and the legal framework is weaker, bribery is more harmful for firm-level productivity … corruption on productivity. Corruption is narrowly defined as the occurrence of informal payments to government officials to ease … grease" hypothesis by investigating whether corruption may increase productivity by helping reduce the time tax on firms …

Persistent link: https://www.econbiz.de/10012976485