Showing papers in "Economic Systems in 2007"

TL;DR: In this article, the authors analyze comovements among three stock markets in Central and Eastern Europe and, in addition, interdependence which may exist between Western European (DAX, CAC, UKX) and Central And Eastern European (BUX, PX-50, WIG-20) stock markets.

TL;DR: This paper analyzed the determinants of life satisfaction in a pooled data set of representative individual survey data from seven East European countries collected during the early phase of economic and political transformation using ordered logit models.

TL;DR: In this paper, a deeper analysis uncovers the informal impediments associated with the lack of rule of law, inconsistent enforcement of regulations, regional autonomy and pervasive corruption, and these informal constraints form impediments not only for new firm creation but also for firm survival and firm exit.

TL;DR: In this paper, a variety of dynamic panel data econometric estimations as well as dynamic and system GMM estimations are conducted for testing the existence of debt overhang for Latin American and Asian borrowers.

TL;DR: This paper examined whether banking sector co-movements between the three largest Central and Eastern European Countries (CEECs) over the last decade can be attributed to contagion or to interdependence.

TL;DR: In this paper, the authors analyse informal sector employment in Bosnia and Herzegovina (BH), using panel data from the living standards measurement studies, and derive four main conclusions: there is significant labour market mobility in BH, those in informal jobs are much more likely to suffer from poverty than formally employed people are.

TL;DR: This paper explored the determinants of the number of long-term bank relations of listed Japanese firms using a unique data set covering the sample period of 1982-1999, and found that having a relation with a top-equity holding bank increases the bank relations and debt-rich and cash-poor firms have more bank relations.

TL;DR: In this paper, the authors present an analysis of the current issues in SOE reform in China, drawing on relevant empirical evidence, and proposes a strategic direction and a framework for reform that challenges the recently announced program of privatization of listed SOEs.

TL;DR: In this paper, a regression-based framework is used to identify the key factors that determine the level and changes in main job earnings inequality for men in Serbia, using data for Serbia drawn from eight annual labour force surveys, which cover both the early episode of sluggish transition and a more recent concerted phase of economic reform.

TL;DR: This paper examined the relationship between international capital flows and the opacity of recipient countries using the Price Waterhouse Coopers (PWC) opacity index for the year 2000 and investigated its influence on three types of net international capital flow: foreign direct investment, portfolio capital and international bank lending.

TL;DR: This article examined each OPEC member's cheating behavior in periods of rising and falling real oil prices using threshold cointegration methods and found no statistically significant relationship between Saudi Arabian cheating and other cheating.

TL;DR: In this article, the authors present an empirical investigation of the disequilibrium hypothesis on the Polish loan market in the 1990s, using data over this period of rapid and sustained transition.

TL;DR: In this paper, a range of historical and current international debt relief practices and proposals is assessed on the basis of their ability to generate additional resources and their effectiveness in channeling these resources towards development by ways of earmarking.

TL;DR: In this article, the authors focus on the behavior of not-for-profit enterprises and show that research is greatest under full cooperation, while output is greater under full competition and that the degree of research spillovers has a crucial bearing upon these rankings.

TL;DR: In this paper, the main barriers to firm entry and exit in developing countries and how do they differ from barriers to operation and growth are examined using case-study evidence from the Brazilian textiles and electronics industries.

TL;DR: In this paper, the role of factor inputs in determination of long-run growth for transition countries was re-considered and cross-sectional growth equations were estimated using spatial econometric models.

TL;DR: In this article, the authors examined whether government intervention has facilitated development in the Chinese automobile industry and found that the automobile industry is more concentrated and less efficient than the computer sector, which suggests that competitive forces can be more effective in improving efficiency than regulation.

TL;DR: In this paper, the authors provided theory and evidence on the problem of corruption in the Russian Federation and showed that in the presence of official corruption, the number of tax inspection (collection) employees could be inversely related to per capita tax collection.

TL;DR: Campos and Estrin this paper found that entry rates are not necessarily low in emerging markets, and that institutional quality is a complex and "fuzzy" notion so that its impact on the entry process is not straightforward.

TL;DR: In this article, the authors use real options analysis to consider a situation where the government has the option to delay a planned privatization in the expectation that exogenous events may make the firm more valuable to outside investors in the future.

TL;DR: In this article, the authors examined the empirical relationship between structural reforms like abandonment of entry restrictions to the product market, competition and firm-level productivity and efficiency in two Indian industries, namely, electrical machinery and textiles.

TL;DR: In this article, the authors examined the issue of co-movement in G7 equity markets and found that the price of risk is more important than volatility in explaining movements in excess return.

TL;DR: In this paper, the authors explore the method of sale in the privatization process and difficulties implementing the most efficient option and find that efficient mechanisms become more likely when the government's budget is more strained and when the existing capital markets are deeper.

TL;DR: In this article, the authors focus on the relationship between financial sector development and debt in the Asia-Pacific region and highlight the importance of this region in powering future world economic growth.