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Economics of Transition and Institutional Change最新文献

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Family involvement, innovation and product market competition 家庭参与、创新与产品市场竞争
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-08-24 DOI: 10.1111/ecot.12388
Sukhdeep Singh, Indrani Chakraborty
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引用次数: 0
Bankruptcy and international intervention: The case of Addiko bank 破产与国际干预：以Addiko银行为例
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-23 DOI: 10.1111/ecot.12387
Hannah C. Gabriel
{"title":"Bankruptcy and international intervention: The case of Addiko bank","authors":"Hannah C. Gabriel","doi":"10.1111/ecot.12387","DOIUrl":"10.1111/ecot.12387","url":null,"abstract":"<p>In 2014, the Austrian bank Hypo Group Alpe Adria was purchased by the American banking group Advent International, and the European Bank for Reconstruction and Development (EBRD) and re-branded as Addiko bank. In this paper, I explore how this purchase of Addiko Bank by an international multilateral development bank (MDB) affected exporting firms in Croatia. Using a difference-in-differences specification to investigate whether there was a meaningful effect of this turnover on firm performance, I find that the turnover of Addiko bank led to a $160,000 decrease in loans taken out by firms. However, this effect seems to occur immediately after the turnover, and vanishes over time. This effect is seen among domestically-owned firms and non-manufacturing firms, but not multinational affiliates and manufacturing firms. Additionally, I find no effect of this turnover on firm revenues. These results indicate that after an initial period of turmoil, the intervention by EBRD and Advent International had no lasting negative effects on firms in Croatia. The intervention by a MDB can help reform a financial sector and will not necessarily lead to detrimental effects at the micro-level.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"339-357"},"PeriodicalIF":0.9,"publicationDate":"2023-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47822566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Child care fee abolition and female labor supply: Quasi-experimental evidence from a developing country 取消儿童保育费与女性劳动力供给：来自发展中国家的准实验证据
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-18 DOI: 10.1111/ecot.12379
Vardan Baghdasaryan, Gayane Barseghyan
{"title":"Child care fee abolition and female labor supply: Quasi-experimental evidence from a developing country","authors":"Vardan Baghdasaryan,&nbsp;Gayane Barseghyan","doi":"10.1111/ecot.12379","DOIUrl":"10.1111/ecot.12379","url":null,"abstract":"<p>The paper studies the effects of abolishing fees in the public childcare facilities on the maternal labor supply and provides evidence from a post-Soviet developing country, Armenia, characterized with low female labor force participation and high unemployment. The reform unexpectedly introduced only in the capital city created a natural experiment which we investigate using difference-in-differences methodology. The statistically significant increase of the childcare service utilization is shown to be affecting only marginally the maternal labor supply as measured by intention-to-treat effects. The positive results are more robust when only women actually utilizing the services are considered, but all the effects obtained fade out already in the second year after the reform. The robustness of our findings is tested by a series of placebo regressions.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"299-338"},"PeriodicalIF":0.9,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46750264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of common law on the volume of legal services: An international study 普通法对法律服务数量的影响:一项国际研究
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-08 DOI: 10.1111/ecot.12380
Enzo Dia, Jacques Melitz
{"title":"The impact of common law on the volume of legal services: An international study","authors":"Enzo Dia, Jacques Melitz","doi":"10.1111/ecot.12380","DOIUrl":"https://doi.org/10.1111/ecot.12380","url":null,"abstract":"We show that the heavy use of legal services relative to output in the US is not a peculiarity of the country but applies to common law countries in general. It can likely be attributed largely to better ability to contract and adapt to changes in the environment. Yet common law also opens significantly more room for rent seeking by lawyers than civil law. Thereby the costs could outweigh the benefits. In supporting this last thesis, we control for other factors besides common law favouring legal services, including real output per capita, openness, and ease of entry into the legal profession.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"75 12","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138526710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of common law on the volume of legal services: An international study 普通法对法律服务数量的影响:一项国际研究
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-08 DOI: 10.1111/ecot.12380
Enzo Dia, Jacques Melitz
{"title":"The impact of common law on the volume of legal services: An international study","authors":"Enzo Dia,&nbsp;Jacques Melitz","doi":"10.1111/ecot.12380","DOIUrl":"10.1111/ecot.12380","url":null,"abstract":"<p>We show that the heavy use of legal services relative to output in the US is not a peculiarity of the country but applies to common law countries in general. It can likely be attributed largely to better ability to contract and adapt to changes in the environment. Yet common law also opens significantly more room for rent seeking by lawyers than civil law. Thereby the costs could outweigh the benefits. In supporting this last thesis, we control for other factors besides common law favouring legal services, including real output per capita, openness, and ease of entry into the legal profession.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"265-297"},"PeriodicalIF":0.9,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138507181","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Parental gender preferences in Central and Eastern Europe and differential early life disadvantages 中欧和东欧父母的性别偏好与不同的早期生活劣势
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-06 DOI: 10.1111/ecot.12381
Michał Myck, Monika Oczkowska, Izabela Wowczko
{"title":"Parental gender preferences in Central and Eastern Europe and differential early life disadvantages","authors":"Michał Myck,&nbsp;Monika Oczkowska,&nbsp;Izabela Wowczko","doi":"10.1111/ecot.12381","DOIUrl":"10.1111/ecot.12381","url":null,"abstract":"<p>Parental gender preferences may affect partnership decisions and as a result lead to early life disadvantages. We study these preferences in five post-communist countries of Central and Eastern Europe, a region with strong traditional gender norms and persisting inequalities between women and men in labour market outcomes. Using subsamples of census from Belarus, Hungary, Poland, Romania and Russia around 2000 and 2010, we follow Dahl and Moretti (2008), The demand for sons, to examine the effect of the gender of the first-born child(ren) on fertility decisions and relationship stability of their parents. We only find strong evidence of ‘boy preferences’ in fertility decisions in the cases of Romania and Russia. However, unlike Dahl and Moretti (2008), The demand for sons, for the US, we cannot confirm a relationship between the children's gender and parental partnership decisions. This is the case for all examined Central and Eastern European countries, as well as for a number of countries from Western Europe. The cases of Romania and Russia raise questions about other potential consequences of the documented gender preferences. We argue that our approach can be applied more broadly to identify other countries characterised by parental gender preferences, and to motivate further examination of different forms of gender driven early life disadvantages.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"237-263"},"PeriodicalIF":0.9,"publicationDate":"2023-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12381","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44976974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of intergenerational income mobility on internal migration in China 代际收入流动对中国内部人口迁移的影响
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-05 DOI: 10.1111/ecot.12383
Guangsu Zhou, Xiaoyu Bian
{"title":"The impact of intergenerational income mobility on internal migration in China","authors":"Guangsu Zhou,&nbsp;Xiaoyu Bian","doi":"10.1111/ecot.12383","DOIUrl":"10.1111/ecot.12383","url":null,"abstract":"<p>This study examines the impact of income mobility on internal migration across prefectures in China. We use income intergenerational persistence to evaluate income mobility and find that migrants prefer cities with higher income mobility. We further use the instrumental variable estimation and a set of robustness tests to verify the reliability of our findings. The influence is larger among women, the elderly, and the less-educated, while the economic prosperity of destinations could relatively offset the negative effect of lower income mobility on migration. Additionally, higher mobility not only attracts but also retains migrants, hence benefiting the local economy. Through further exploration, we find that the real migration influencing factor underlying the higher income mobility is the higher job mobility, indicating that the real pursuit of Chinese migrants is the increased access to suitable job opportunities.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"183-208"},"PeriodicalIF":0.9,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12383","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47536000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Regional favouritism in Chinese university admissions 中国大学录取中的地区偏袒
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-05 DOI: 10.1111/ecot.12385
Faqin Lin, Rui Wang, Kuo Feng
{"title":"Regional favouritism in Chinese university admissions","authors":"Faqin Lin,&nbsp;Rui Wang,&nbsp;Kuo Feng","doi":"10.1111/ecot.12385","DOIUrl":"10.1111/ecot.12385","url":null,"abstract":"<p>We study the effect of favouritism via hometown ties of high-ranking administrators in universities on China's university admissions. By constructing a gravity specification model and collecting the data on inter-provincial admissions of nearly 1300 Chinese undergraduate universities between 2008 and 2015 and hometown information of the university's top administrators, such as the President or Party Secretary, we show that regional favouritism is prevalent in college enrolment. It is estimated that hometown ties of either the President or Secretary of the Party committee in a university increase the enrolments by almost 11% through admitting students with low entrance examinations scores from their hometowns. Interestingly, the hometown tie effects disappeared after President Xi's launched the anti-corruption campaign in 2013 and we proved the hometown favouritism in university admissions is a form of corruption through a series of ways.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"209-236"},"PeriodicalIF":0.9,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43469059","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Internal audit in microfinance institutions- evidence from transitional and developing economies 小额信贷机构的内部审计——来自转型和发展中经济体的证据
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-04 DOI: 10.1111/ecot.12382
Abiodun Omidiji, Nives Botica Redmayne, Dimu Ehalaiye, Ernest Gyapong
{"title":"Internal audit in microfinance institutions- evidence from transitional and developing economies","authors":"Abiodun Omidiji,&nbsp;Nives Botica Redmayne,&nbsp;Dimu Ehalaiye,&nbsp;Ernest Gyapong","doi":"10.1111/ecot.12382","DOIUrl":"10.1111/ecot.12382","url":null,"abstract":"<p>Microfinance institutions (MFIs) are hybrid organisations that strive to balance business and social goals. This paper examines the determinants of the internal audit (IA) function in MFIs, with particular emphasis on the business goals, specifically efficiency, productivity, regulation and the gross portfolio yield. We also investigate whether the establishment of an IA function is associated with MFI's focus on their social objectives relating to outreach, and women director appointments. Multivariate regression results from 1025 MFIs across 63 countries show that MFIs' focus on their social objectives is related to their propensity to establish an IA function. Thus, outreach and women director appointments are positively related to the establishment of an IA function. Similarly, in terms of the performance emphasis, the gross portfolio yield (inefficiency) increases (decreases) the likelihood of establishing an IA, but productivity and regulation have no effect. The findings suggest that MFIs' dual focus on social and business objectives impacts the establishment of internal audits. The results are robust to various measurements and estimations.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"109-141"},"PeriodicalIF":0.9,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12382","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47741569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Yield Curves for Main Street: Housing and financial capital returns in a developing economy 主要街道的收益率曲线：发展中经济中的住房和金融资本回报
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2023-07-04 DOI: 10.1111/ecot.12386
Zhandos Ybrayev, Yernur Orakbayev, Askar Utarbayev
{"title":"Yield Curves for Main Street: Housing and financial capital returns in a developing economy","authors":"Zhandos Ybrayev,&nbsp;Yernur Orakbayev,&nbsp;Askar Utarbayev","doi":"10.1111/ecot.12386","DOIUrl":"10.1111/ecot.12386","url":null,"abstract":"<p>Total housing real returns in large agglomerations in Kazakhstan are approximately 1% per year lower than in the rest of the country. Our results are also supportive of emerging literature, that housing real rent returns, adjusted for population, are generally lower in large agglomerations compared to the rest of the country. We indicate that within-country heterogeneity of housing returns mainly result from the spatial concentration of economic activity in urban centers. Our findings also suggest that residential real estate in a developing economy produces higher returns compared to financial capital over the long-run. At the same time, the volatility of holding housing investment is substantially higher than its “safe” alternative (i.e. deposit rate paid for savings deposits). As such, “Yield Curves for Main Street” concept refers to the general positive spread between total housing returns and financial capital returns in a developing economy.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"32 1","pages":"165-182"},"PeriodicalIF":0.9,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42317928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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