Institutional development and firm profitability in transition economies
نویسندگان
چکیده
منابع مشابه
Institutional determinants of investment in transition economies
Investment has been found to be a significant determinant of growth. This paper analyses the effects of institutions and transition progress on investment rates of transition economies since the collapse of the Socialist Bloc. Political institution is measured by the Freedom House’s Political Rights and Civil Liberties indexes; economic institution is proxied by the Index of Economic Freedom co...
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Institutional quality in transition countries is roughly as expected given per capita incomes. Institutions are improving continuously. Given prevailing assumptions that the institutional situation is dismal, the developments giving rise to this surprising finding must be investigated more fully. This investigation begins by cataloging the mechanisms that could have improved institutional index...
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* This paper was prepared while the author was a World Bank's Robert S. McNamara Fellow. The findings, interpretations, and conclusions expressed here are entirely those of the author and should not be attributed in any manner to the World Bank, to its affiliate organizations, or to members of its Board of Directors or the countries they represent. The World Bank does not guarantee the accuracy...
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We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems under Communism, provide an interesting test of the relationship between financial development and growth...
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While development of sound, market-oriented banking systems is fundamental to the transition, bank intermediation remains stunted after a decade or more of reform. This paper examines the impact of banking and enterprise reforms and other factors on banking development in transition economies at both the aggregate level and that of individual banks. A unique contribution of the paper is the ana...
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ژورنال
عنوان ژورنال: Journal of World Business
سال: 2016
ISSN: 1090-9516
DOI: 10.1016/j.jwb.2015.06.002