Now showing items 21-30 of 121
The Distribution Dynamics of Income in Central and Eastern Europe relative to the EU: A Nonparametric Analysis
(2013-11-01)
After more than two decades of transition and integration, countries in Central and Eastern Europe (CEE) still exhibit income levels that are significantly lower than the European Union (EU) average. This paper examines ...
Financial intermediation and economic growth
(2015-12-01)
Financial depth does not fully reflect how well the financial intermediaries serve to economic agents in stimulating economic growth. Additional aspects of financial system such as access, efficiency and stability should ...
CAN DREAMS COME TRUE? ELIMINATING EXTREME POVERTY IN AFRICA BY 2030
(2014-04-01)
With the year 2015 – the MDG finishing line – approaching, post-2015 goals as they impact Africa need to be firmed. The goal of ending extreme poverty remains paramount. Globally, the World Bank set goals to end extreme ...
UNLOCKING PRODUCTIVE ENTREPRENEURSHIP IN AFRICA’S LEAST DEVELOPED COUNTRIES
(2010-06-01)
Utilizing the flow approach to labor markets, this paper complements the empirical literature and numerous surveys on small and medium enterprise (SME) constraints and develops a theoretical framework that examines the ...
Assessing Mondragon: Stability & Managed Change in the Face of Globalization
(2010-11-01)
By drawing on new interview evidence gathered during several field trips and new financial and economic data from both external and internal sources, we document and assess the changing economic importance and performance ...
Inflation Targeting in Brazil, Chile and South Africa: An Empirical Investigation of Their Monetary Policy Framework
(2010-11-01)
This paper tackles the monetary policy performance in Brazil, Chile and South Africa under inflation targeting framework. Furthermore, it provides an empirical assessment through using the unrestricted Vector Auto-regression ...
Lessons Learned from Tax vs. Expenditure Based Fiscal Consolidation in the European Transition Economies
(2013-09-01)
European Union member countries are currently exposed to negative implications of the economic and debt crisis. Questions associated with disputable implications of fiscal incentives seem to be contrary to the crucial need ...
From Prosperity to Depression: Bulgaria and Romania (1996/97 – 2010)
(2011-05-01)
Bulgaria and Romania are neighbouring countries, which have always been rivals. Following the decision on EU enlargement to include Bulgaria and Romania (late 1999) and with membership negotiations already started (2004), ...
How smooth is the stock market integration of CEE-3?
(2014-06-01)
We study the stock market integration of emerging CEE-3 stock markets (namely, the Czech, Hungarian, and Polish markets) and hypothesize that this process has been gradual over time. As a proxy for integration, co-movements ...
Specialization, gravity, and European trade in final goods
(2013-07-01)
By combining and extending the previous literature, we develop and test a gravity specification that views bilateral gravity equations rooted in a Heckscher-Ohlin framework as statistical relationships constrained on ...