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In the decade following the 1998 financial crisis Russia’s banking system grew much larger and stronger – indeed, growth rates were dangerously high – but even before the onset of the current global crisis it continued to play a limited role in intermediating savings and investment,...
Persistent link: https://www.econbiz.de/10008498037
This paper provides an in depth analysis of Russia’s recent growth, with a view to understanding the prospects for its continuation. It examines in detail the main drivers of growth, as well as the main developments and policies that have been underlying it. A key finding is that the role of...
Persistent link: https://www.econbiz.de/10005049019
This article investigates issues related to industrial restructuring in Russia. Based on extensive sectoral data it examines, more particularly, levels and changes in labour productivity, unit labour costs and revealed comparative advantages for a large number of Russian industrial sectors. The...
Persistent link: https://www.econbiz.de/10005045822
After nearly fifteen years of transition, the countries of Central Europe have entered the European Union on 1 May 2004 …'Union européenne<BR><P>Le 1er mai 2004, après presque quinze années de transition, les pays d’Europe centrale sont entrés dans l …
Persistent link: https://www.econbiz.de/10005045850
The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the...
Persistent link: https://www.econbiz.de/10005045923
In recent years economists have come to see rich natural resource endowments as a ?curse? or ?precious bane? that inevitably undermines development and slows economic growth. Resource-based development undeniably involves important risks. Nonetheless, the resource curse - if it exists - is at...
Persistent link: https://www.econbiz.de/10005045957
transition process. It identifies four broad policy blocks related to liberalisation, stabilisation, exit and entry. The … transition process in Slovakia is a case study of the striking interdependence between these different policies. Along these … processus de transition. Quatre grands blocs de politiques sont identifiés : libéralisation des prix, stabilisation de l …
Persistent link: https://www.econbiz.de/10005045994
This paper assesses the progress of China’s transition toward a market economy by examining the structure of ownership …'activité économique : L'émergence d'un secteur privé en Chine<BR>Ce document examine les progrès réalisés par la Chine dans la transition …
Persistent link: https://www.econbiz.de/10005046056
While there is a large body of literature on the determinants of allocation of intergovernmental …fiscal transfers in developed countries, this kind of study is still very limited for developing countries, especially Subsaharan countries. Using an original micro-level public fi…nance panel...
Persistent link: https://www.econbiz.de/10008869310
In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector. Productivity growth was strong, but labour utilisation remained very...
Persistent link: https://www.econbiz.de/10008752419