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Economics of Transition and Institutional Change最新文献

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Behind the curtain: How did women's work history vary across Central and Eastern Europe? 幕后：中欧和东欧的女性工作史有何不同？
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-08-28 DOI: 10.1111/ecot.12345
Telmo Pérez-Izquierdo, Elizaveta Pronkina
{"title":"Behind the curtain: How did women's work history vary across Central and Eastern Europe?","authors":"Telmo Pérez-Izquierdo,&nbsp;Elizaveta Pronkina","doi":"10.1111/ecot.12345","DOIUrl":"10.1111/ecot.12345","url":null,"abstract":"<p>This paper investigates the differences in female work experience across Central and Eastern European countries (CEECs). We use retrospective SHARELIFE data to analyse women's work history from 1950 to 1990. We provide descriptive evidence that women's work experience varied across CEECs. Furthermore, we argue that comparing the former provinces of the Russian Empire in Lithuania and Poland provides a natural experiment, allowing us to disentangle the effect of the differential implementation of the Soviet regime from the pre-existing differences. We find that during communism, Lithuanian women worked 2 years more by age 50 relative to their Polish counterparts. This effect is one-third of that found in the East–West Germany comparison. We propose several potential mechanisms behind this finding: the degree of land collectivization, the Church's influence and the sectoral composition. Accordingly, this study's findings highlight the importance of country differences in CEECs.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"465-489"},"PeriodicalIF":0.9,"publicationDate":"2022-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12345","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48803227","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
I want a quiet life! On productivity and competition in the Central European energy sector 我想过平静的生活!中欧能源部门的生产力和竞争
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-08-22 DOI: 10.1111/ecot.12344
Philipp Steinbrunner
{"title":"I want a quiet life! On productivity and competition in the Central European energy sector","authors":"Philipp Steinbrunner","doi":"10.1111/ecot.12344","DOIUrl":"10.1111/ecot.12344","url":null,"abstract":"<p>An important proposition in Economics claims that competition spurs technical efficiency, as it forces firms to raise competitiveness to survive market pressure. This study examines the effects of firm-level Lerner indexes on productivity, using a dataset on energy firms from Central European postcommunist countries during 2009–2017. The energy sector is of particular interest, as markets are still concentrated, although governments have liberalized them considerably. To contribute to the literature, I derive Lerner indexes from the production function next to involving the return on sales. Supporting the literature, the overall results highlight that market power significantly decreases productivity.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"403-428"},"PeriodicalIF":0.9,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45750034","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 granular nature of emerging market economies: The case of Kazakhstan 新兴市场经济体的颗粒性：以哈萨克斯坦为例
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-08-22 DOI: 10.1111/ecot.12346
Jozef Konings, Galiya Sagyndykova, Venkat Subramanian, Astrid Volckaert
{"title":"The granular nature of emerging market economies: The case of Kazakhstan","authors":"Jozef Konings,&nbsp;Galiya Sagyndykova,&nbsp;Venkat Subramanian,&nbsp;Astrid Volckaert","doi":"10.1111/ecot.12346","DOIUrl":"10.1111/ecot.12346","url":null,"abstract":"<p>This paper analyzes the granularity hypothesis in a large emerging economy, Kazakhstan. We use a new longitudinal dataset at the firm level and at quarterly frequency between 2012 and 2018 to document the size distribution of firms and to provide evidence that it follows a power law. We find that the largest 30 firms explain nearly 80 percent of the growth in aggregate total factor productivity. This confirms earlier research for the U.S. and other developed countries. However, the granular nature of the Kazakh economy is even more outspoken than in other countries. Thus idiosyncratic shocks and the way they ripple through the production network matter to understand changes in aggregate productivity growth. Moreover, since these granular firms are concentrated in the oil industry it exposes the vulnerability of the economy more to unexpected shocks in one industry in particular.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"429-464"},"PeriodicalIF":0.9,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46174402","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
Does higher financial inclusion lead to better health outcomes? Evidence from developing and transitional economies 更高的金融包容性是否会带来更好的健康结果？来自发展中经济体和转型经济体的证据
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-07-02 DOI: 10.1111/ecot.12341
Rajabrata Banerjee, Admasu Asfaw Maruta, Ronald Donato
{"title":"Does higher financial inclusion lead to better health outcomes? Evidence from developing and transitional economies","authors":"Rajabrata Banerjee,&nbsp;Admasu Asfaw Maruta,&nbsp;Ronald Donato","doi":"10.1111/ecot.12341","DOIUrl":"10.1111/ecot.12341","url":null,"abstract":"<p>This study critically examines the effect of financial inclusion on life expectancy and infant mortality rates, and whether the effect is conditioned by possible threshold effects determined by the degree of income inequality and poverty levels. We draw our conclusions based on 61 developing and transitional economies in the period 2011–2017. Using an aggregate hybrid financial inclusion index, we show that financial inclusion exerts a direct positive effect on health outcomes. Furthermore, the effectiveness of financial inclusion as a policy tool to achieve better health outcomes is higher in societies where poverty and income inequality are more prevalent. These are significant findings from a policy perspective as greater financial inclusion offers the scope to invest in health capital and enhances the capacity for risk management among the most vulnerable populations in the face of health shocks.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"363-401"},"PeriodicalIF":0.9,"publicationDate":"2022-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12341","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43793770","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: 3
Impact of research and development (R&D) and information, and communication technology (ICT) on innovation and productivity evidence from Tunisian manufacturing firms 研究与发展（R&D）以及信息和通信技术（ICT）对突尼斯制造企业创新和生产力的影响
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-06-20 DOI: 10.1111/ecot.12340
Adel Ben Khalifa
{"title":"Impact of research and development (R&D) and information, and communication technology (ICT) on innovation and productivity evidence from Tunisian manufacturing firms","authors":"Adel Ben Khalifa","doi":"10.1111/ecot.12340","DOIUrl":"10.1111/ecot.12340","url":null,"abstract":"<p>This study aims to examine the ability of Tunisian manufacturing firms to invest in innovation activities and to transform these investments on innovation outputs and if these outputs have contributed to productivity improvements. It explores the relationship between research and development (R&amp;D), information, and communication technology (ICT) use, product and process innovations and productivity. The study presents an application of the augmented Crépon-Duguet-Mairesse (CDM) model for 238 manufacturing firms in Tunisia. Results show that R&amp;D is an important predictor for product innovation, but not for process innovation. The use of ICT has a positive impact on both innovation types, but this impact is more important for the case of process innovation. Furthermore, the study shows the possible existence of a complementary relationship between R&amp;D and ICT. The firms that combine R&amp;D with ICT use increase their probability to introduce product and process innovation. R&amp;D and ICT are also an important indirect driver of firm productivity through innovation activities. Thus, the results show a positive impact of product innovation on firm-level productivity. However, process innovation has a significant impact only if it is combined with product innovation. The study also identifies guidelines for development actors to better transform ICT and R&amp;D into innovation and productivity in Tunisian economy.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"341-361"},"PeriodicalIF":0.9,"publicationDate":"2022-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43436856","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: 4
Firm life cycle and foreign direct investment spillover effect: The case of the Czech Republic 企业生命周期与外国直接投资溢出效应——以捷克共和国为例
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-06-15 DOI: 10.1111/ecot.12342
Duong Hoang Vu, Bruce Dehning, Drahomíra Pavelková
{"title":"Firm life cycle and foreign direct investment spillover effect: The case of the Czech Republic","authors":"Duong Hoang Vu,&nbsp;Bruce Dehning,&nbsp;Drahomíra Pavelková","doi":"10.1111/ecot.12342","DOIUrl":"10.1111/ecot.12342","url":null,"abstract":"<p>Foreign Direct Investment (FDI) and the resulting spillover effects can be important for a country's development and economic growth. Using panel data from 2004 to 2019 in the Czech Republic's manufacturing industry, this paper finds the following. First, FDI firms generate positive horizontal labour effects and backward labour linkage on domestic firms. However, other hypothesized effects of FDI firms, such as horizontal and backward competition and the forward linkage of FDI, were not significant. Second, FDI firms at the mature and shakeout stage generate more spillover than those at the introduction and growth stage. There is no spillover impact on domestic firms by FDI firms at the decline stage. This is the first paper to examine the role of firm life cycle on the spillover effects of FDI.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"319-340"},"PeriodicalIF":0.9,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45937194","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
The effect of corruption on microfinance loan portfolio: A semiparametric analysis 腐败对小额信贷组合的影响：半参数分析
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-05-23 DOI: 10.1111/ecot.12332
Jeleta Kebede, Vincent Tawiah, Ernest Gyapong
{"title":"The effect of corruption on microfinance loan portfolio: A semiparametric analysis","authors":"Jeleta Kebede,&nbsp;Vincent Tawiah,&nbsp;Ernest Gyapong","doi":"10.1111/ecot.12332","DOIUrl":"10.1111/ecot.12332","url":null,"abstract":"<p>In this paper, we examine the extent to which corruption affects the loan portfolio of microfinance institutions (MFIs). We employ robust econometric estimation on a sample of 507 MFIs across 63 countries from 2005 to 2018. Our results show that corruption is negatively associated with the loan portfolio. However, in semiparametric analysis, we find that lower-level corruption is beneficial to increase the loan portfolio while higher-level corruption is detrimental. The results imply that it is not just corruption that matters as far as its effect on MFIs' loan portfolio is concerned; what matters is the degree of corruption. In further analyses, we find that corruption reduces both the number of active borrowers and average loan per borrower indicating that corruption reduces both coverage and amount of credit extension. The results suggest that the effect of corruption on the loan portfolio is gender-sensitive. Corruption facilitates an increase in loans to female borrowers. Our results are robust to alternative variable measurements and different identification strategies, including two-stage least square.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 1","pages":"241-268"},"PeriodicalIF":0.9,"publicationDate":"2022-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41960950","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 tax policy on firm debt maturity: Evidence from China's VAT reform 税收政策对企业债务期限的影响:来自中国增值税改革的证据
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-05-17 DOI: 10.1111/ecot.12334
Jingxian Zou, Guangjun Shen
{"title":"The impact of tax policy on firm debt maturity: Evidence from China's VAT reform","authors":"Jingxian Zou,&nbsp;Guangjun Shen","doi":"10.1111/ecot.12334","DOIUrl":"10.1111/ecot.12334","url":null,"abstract":"<p>This paper mainly discusses how tax reduction policies may affect a firm's debt maturity structure by altering firm performance. When an indirect financing system is dominated by banks, such as is the situation in China, tax reduction policies impose two opposite effects on the firm debt maturity structure. The improved profitability will encourage banks to lengthen debt maturity to retain firm customers, which can be called the ‘customer competing effect’. Meanwhile, the increased free cash flow will exaggerate the principle-agent problem between banks and firms, leading to a shortened debt maturity, which is designated the ‘agency cost effect’. In this paper, based on China's Industrial Enterprise Database, we use China's VAT (value-added tax) reform as a natural experiment to empirically test the two effects. After the tax reduction, firm debt maturity was found to generally lengthen. Meanwhile, such an extension is found to be larger when the firm's profit gain is greater or the increased free cash flow is less, which confirms our hypothesis.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"295-317"},"PeriodicalIF":0.9,"publicationDate":"2022-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46710789","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
Reform complementarities and growth: Evidence and mechanisms 改革的互补性和增长：证据和机制
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-05-07 DOI: 10.1111/ecot.12333
Danko Tarabar, Louis J. Pantuosco
{"title":"Reform complementarities and growth: Evidence and mechanisms","authors":"Danko Tarabar,&nbsp;Louis J. Pantuosco","doi":"10.1111/ecot.12333","DOIUrl":"10.1111/ecot.12333","url":null,"abstract":"<p>When reforms of different policy areas are said to be complementary, the presence of one reformed area bolsters the effectiveness of reform of the other. We use the five areas of the Economic Freedom of the World (EFW) index over 2000–2017 to test for the impact of reform complementarities on real per capita income growth in up to 131 countries. Using a novel index for complementarity (Braga De Macedo &amp; Oliveira-Martins, 2008, Econ. Transit.), we find robust evidence that pursuing broader reform packages is associated with an increase in annual growth by about 1.2%. Further analysis shows that the effect of complementarities operates largely through its positive impact on domestic investment.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 2","pages":"271-294"},"PeriodicalIF":0.9,"publicationDate":"2022-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48906451","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
Corruption and privatization: Evidence from a natural experiment in China 腐败与私有化:来自中国自然实验的证据
IF 0.9 4区 经济学
Economics of Transition and Institutional Change Pub Date : 2022-05-06 DOI: 10.1111/ecot.12331
Ling Zhu, Dongmin Kong
{"title":"Corruption and privatization: Evidence from a natural experiment in China","authors":"Ling Zhu,&nbsp;Dongmin Kong","doi":"10.1111/ecot.12331","DOIUrl":"10.1111/ecot.12331","url":null,"abstract":"<p>This paper investigates how government corruption shapes state-owned enterprises' (SOEs) privatization. To establish causality, we exploit a natural experiment (i.e., the investigations of the Central Commission for Discipline Inspection) to document that SOEs significantly deepen privatization after the crackdown on corruption. Further evidence demonstrates two plausible mechanisms driving our findings. Specifically, anti-corruption campaign: 1) accelerates privatization process by curbing the underpricing transfers to state entities and encouraging the normal transfers to private entities or individuals; and 2) by reducing managers' incentives to maintain the dominance of state ownership for expropriation through the discretion of perk consumption. Moreover, our findings are particularly pronounced for SOEs located in areas with high levels of social trust, government intervention, and less information asymmetry.</p>","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"31 1","pages":"217-239"},"PeriodicalIF":0.9,"publicationDate":"2022-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecot.12331","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42105339","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: 4
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