Results for *

Displaying results 1 to 16 of 16.

  1. Does the East Get What Would Otherwise Flow to the South? FDI Diversion in Europe
  2. Economic integration and FDI: an empirical analysis of foreign investment in the EU and in Central and Eastern Europe
    Published: [2001]
    Publisher:  ACE Programme Management, Brüssel

    Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1414
    No inter-library loan

     

    Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of concurrent trade and investment liberalisation. Moreover, given the limits of simulation models, which rely heavily upon parameter choice, in assessing the impact of such liberalisation, there is a need for empirical analysis to identify the principal features of FDI. This paper uses a "gravity model" approach to assess the impact of the deepening integration between the EU and the CEECs on FDI flows in terms of three key issues. First, we provide systematic estimates of the expected long-term level of FDI in the CEECs. Second, we investigate whether FDI in the CEECs, on the one hand, and source country exports and imports, on the other hand, are complements or substitutes. Finally, we enquire whether an increase in the attractiveness of the CEECs to foreign investors has affected the magnitude of FDI going to other European countries.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / Phare ACE Programme ; no 09, 1
    Subjects: Auslandsinvestition; Gravitationsmodell; EU-Mitgliedschaft; Internationale Wirtschaftsbeziehungen; Wirtschaftsintegration; Schätzung; EU-Staaten; Osteuropa; Foreign Direct Investment; Transition Economies; Gravity Model
    Scope: Illustrationen
  3. On judicial reform and corruption in developing and transition economies
    Published: September 2019
    Publisher:  International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University, Atlanta, Georgia, United States of America

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 523
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / International Center for Public Policy ; 19, 15 (September 2019)
    Subjects: Judicial Reform; Corruption; Developing Countries; Transition Economies
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  4. The post-communist transition at 30
    Published: February 2020
    Publisher:  [LSE Financial Markets Group], [London]

    Access:
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / [LSE Financial Markets Group] ; no 793
    Subjects: Transition Economies; Income Growth; Institutions
    Scope: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  5. Are the Central European stock markets still different?
    a cointegration analysis
    Published: 2009
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    The Central European countries became members of the European Union (EU) in May 2004. Has their accession into the EU also resulted in a stronger financial integration with the global economy in general and with the "old" EU countries in particular?... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 483 (2009,15)
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan

     

    The Central European countries became members of the European Union (EU) in May 2004. Has their accession into the EU also resulted in a stronger financial integration with the global economy in general and with the "old" EU countries in particular? Based on a cointegration analysis applied to stock market movements, I detect for the period after the EU enlargement two new long-run equilibrium relations that indeed suggest a stronger inter-dependence of the markets, whereas no such relations can be observed before this date. In particular, one new relation links the Central European markets to the Western European market, reflecting tighter co-movements of the "new" and the "old" EU markets. The second relation points at the role of the US market for both the Central and the Western European markets.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104294
    Series: Münchener wirtschaftswissenschaftliche Beiträge ; 2009-15
    Subjects: Aktienmarkt; Internationaler Finanzmarkt; Marktintegration; Kointegration; Schätzung; EU-Mitgliedschaft; Transition Economies; Emerging stock markets; Central Europe; European integration; Cointegration; Long-run stock market linkages
    Scope: Online-Ressource (29 S., 297 KB), graph. Darst.
  6. Riding the transition roller-coaster : flexibility and the inter-industry wage structure in Russia
  7. Alternative paths towards EMU
    lessons from an expanded Mundell Fleming model for the accession countries
  8. Riding the transition roller coaster
    flexibility and the inter industry wage structure in Russia
  9. Alternative Paths Towards EMU : Lessons from an Expanded Mundell-Fleming Model for the Accession Countries
  10. The Russian state’s size and its footprint
    have they increased?
    Published: 2019
    Publisher:  International Monetary Fund, [Washington, DC]

    The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for 2005-10. This is different from the mainstream narrative, which contends that the state's size doubled in the last decade. However, a deep state footprint is reflected in a relatively high state share in formal sector activity (close to 40 percent) and formal sector employment (about 50 percent). The deep footprint is also reflected in market competition and efficiency. Although sectors in which the state is present are more concentrated, concentration is large even in sectors where the state's share is low. This suggests the need to protect and promote competition, in particular in state procurement. Finally, state-owned enterprises' performance appears weaker than that of privately-owned firms, which may be subtracting from growth

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
  11. The Russian state’s size and its footprint
    have they increased?
    Published: 2019
    Publisher:  International Monetary Fund, [Washington, DC]

    The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Orient-Institut Beirut
    Online
    No inter-library loan
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    No inter-library loan
    Universitätsbibliothek Braunschweig
    No inter-library loan
    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    Universitätsbibliothek Erfurt / Forschungsbibliothek Gotha, Universitätsbibliothek Erfurt
    No inter-library loan
    Bibliothek der Pädagogischen Hochschule Freiburg/Breisgau
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Technische Universität Hamburg, Universitätsbibliothek
    No inter-library loan
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
    e-Book Nationallizenz
    No inter-library loan
    Thüringer Universitäts- und Landesbibliothek
    No inter-library loan
    Fachhochschule Kiel, Zentralbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 142
    No inter-library loan
    Universitätsbibliothek Leipzig
    No inter-library loan
    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
    No inter-library loan
    Duale Hochschule Baden-Württemberg Mosbach, Bibliothek
    E-Book Nationallizenz IMF
    No inter-library loan
    Hochschule Offenburg, University of Applied Sciences, Bibliothek Campus Offenburg
    E-Book International Monetary Fund
    No inter-library loan
    Hochschulbibliothek Pforzheim, Bereichsbibliothek Technik und Wirtschaft
    e-Book International Monetary Fund eLibrary
    No loan of volumes, only paper copies will be sent
    Hochschule Albstadt-Sigmaringen, Bibliothek Sigmaringen
    No loan of volumes, only paper copies will be sent
    Duale Hochschule Baden-Württemberg Villingen-Schwenningen, Bibliothek
    E_Book IMF
    No inter-library loan

     

    The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for 2005-10. This is different from the mainstream narrative, which contends that the state's size doubled in the last decade. However, a deep state footprint is reflected in a relatively high state share in formal sector activity (close to 40 percent) and formal sector employment (about 50 percent). The deep footprint is also reflected in market competition and efficiency. Although sectors in which the state is present are more concentrated, concentration is large even in sectors where the state's share is low. This suggests the need to protect and promote competition, in particular in state procurement. Finally, state-owned enterprises' performance appears weaker than that of privately-owned firms, which may be subtracting from growth

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
  12. The enlargement of the European Union and the redistribution of seigniorage wealth
    Published: 2001
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 483 (2001,4)
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan

     

    In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for example Poland with 12.9 billion euros, Romania with 9.9 billion euros or Hungary with 3.3 billion euros. Correspondingly, the current member countries of the European Union face costs of 35.3 billion euros in total, the biggest part of which has to be borne by Germany.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104089
    RVK Categories: QC 000
    Series: Munich discussion paper ; 2001-4
    Subjects: Münzgewinn; Eurozone; EU-Mitgliedschaft; EU-Staaten; Osteuropa; European Currency Union; Transition Economies; European Integration; Central Banks; Seigniorage
    Scope: Online-Ressource
  13. Technology choices and growth
    testing and expending the propositions of new structural economics in transition economies
    Published: 2014
    Publisher:  Centre for Comparative Economics, UCL School of Slavonic and East European Studies, London

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics and business working paper ; 127
    Subjects: New Structural Economics; Technology Choice Index; Transition Economies
    Scope: Online-Ressource ([39] S.), graph. Darst.
  14. European trade and foreign direct investment U-Shaping industrial output in Central and Eastern Europe
    theory and evidence
    Published: 1998
    Publisher:  LICOS, Leuven

    We examine the evolution of industrial output in Bulgaria, Hungary, Poland and Romania over the period 1989-1995 in terms of product trade orientation prior to the transition process, some products traded in a market economy while others traded in... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 407 (73)
    No inter-library loan

     

    We examine the evolution of industrial output in Bulgaria, Hungary, Poland and Romania over the period 1989-1995 in terms of product trade orientation prior to the transition process, some products traded in a market economy while others traded in the artificial market of the Soviet Bloc. We theoretically and empirically model the growth dynamics of EU oriented output within sectors of industry, ex-post trade and market liberalisation, as Foreign Direct Investment (FDI) induced Schumpeterian (vertical) waves of product innovation. We estimate the growth dynamics of non-EU oriented output within sectors as unobservable deterministic sector and country specific heterogeneity. The results indicate that the evolution of industrial production within sectors that were EU oriented prior to transition grew with increasing convexity over time. This growth was unconstrained by the transition process due to increased access to the European market, foreign capital and foreign expertise. Pre-transition non-EU industrial production is estimated to follow the same pattern as that observed in CIS countries. Hence the faster recovery, or the U-Shape industrial output, observed in CEE as compared with CIS countries is mainly explained by the inherited presence of EU oriented production and its unconstrained growth over the transition period.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/75443
    Series: LICOS discussion paper ; 73
    Subjects: Foreign Direct Investment; Industrial Output Growth; Transition Economies; Cross-Country and Branches of Industry Regressions
    Scope: Online-Ressource (33 S.), graph. Darst.
  15. Evaluating the gender wage gap in Georgia, 2004 - 2011
    Published: 2013
    Publisher:  Levy Economics Inst., Annandale-on-Hudson, NY

    This paper evaluates the gender wage gap among wage workers along the wage distribution in Georgia between 2004 and 2011, based on the recentered influence function (RIF) decomposition approach developed in Firpo, Fortin, and Lemieux (2009). We find... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 88 (768)
    No inter-library loan

     

    This paper evaluates the gender wage gap among wage workers along the wage distribution in Georgia between 2004 and 2011, based on the recentered influence function (RIF) decomposition approach developed in Firpo, Fortin, and Lemieux (2009). We find that the gender wage gap decreases along the wage distribution, from 0.64 log points to 0.54 log points. Endowment differences explain between 22 percent and 61 percent of the observed gender wage gap, with the explained proportion declining as we move to the top of the distribution. The primary contributors are the differences in the work hours, industrial composition, and employment in the state sector. A substantial portion of the gap, however, remains unexplained, and can be attributed to the differences in returns, especially in the industrial premia. The gender wage gap consistently declined between 2004 and 2011. However, the gap remains large, with women earning 45 percent less than men in 2011. The reduction in the gender wage gap between 2004 and 2007, and the switch from a glass-ceiling shape for the gender gap distribution to a sticky-floor shape, was driven by the rising returns in the state sector for men at the bottom, and by women at the top of the wage distribution. Between 2009 and 2011, the decline in the gender wage gap can be explained by the decrease in men's working hours, which was larger than the decrease in women's working hours. We assess the robustness of our findings using the statistical matching decomposition method developed in Ñopo (2008) in order to address the possibility that the high degree of industrial segregation may bias our results. The Ñopo decomposition results enrich our understanding of the factors that underlie the gender wage gap but do not alter our key findings, and in fact support their robustness.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/79478
    Series: Working paper / Levy Economics Institute ; 768
    Subjects: Gender Wage Gap; Decomposition Methods; Wage Distribution; Transition Economies; Georgia; Glass Ceiling Effect; Sticky Floor Effect
    Scope: Online-Ressource (58 S.), graph. Darst.
  16. Managing capital flows in transition economies with a case-study of Central and Eastern Europe
    Published: 1998
    Publisher:  WTO, Economic Research and Analysis Div., Genève

    Management of capital inflows has unexpectedly become a major challenge in transition economies. These countries were expected to have an insatiable demand for foreign capital, and an excess demand for capital inflows was, therefore, predicted by... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 122 (1998,4)
    No inter-library loan

     

    Management of capital inflows has unexpectedly become a major challenge in transition economies. These countries were expected to have an insatiable demand for foreign capital, and an excess demand for capital inflows was, therefore, predicted by most observers. Foreign investors are also known to be very selective in their choice of markets, and these countries were a big unknown. Moreover, macroeconomic policy in these countries has been dominated by the objective of disinflation. We explain in this paper the reasons why some transition countries have been an attractive market for foreign investors and how important has foreign capital been for these countries. But the bulk of the paper provides an assessment of government policies to manage foreign capital inflows. We evaluate the policies against the background of different government objectives and in terms of the actual policy instruments used by the monetary authorities, the timing and sequencing and the costs of these interventions. We argue that the initial responses to capital surges were poor; the authorities were reluctant to adjust their original policies and learn from the experiences elsewhere. Eventually, their policy responses were changed but until the costs of inertia became too high. The authorities have effectively used sterilization policies, more flexible exchange rate policies combined with tight monetary and fiscal policies. They also understood that an effective management of capital flows must start from well functioning markets, and have been prepared to adopt structural policies whenever market imperfections could be identified.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/90661
    Edition: Manuscript date: February, 1998
    Series: Staff working paper ERAD ; 98-04
    Subjects: Capital Flows; Macroeconomic Policy; Transition Economies
    Scope: Online-Ressourcee (43 S.)