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on Transition Economics |
| By: | Wim Suyker; Henri de Groot |
| Abstract: | China’s spectacular economic performance over the past few decades has had a positive net impact on the Dutch economy. Imports of cheap Chinese products have lowered Dutch inflation. Increasing Chinese exports to Europe have strengthened the role of the Netherlands as a key European distribution centre. Strongly increasing Chinese exports did not have a noticeable impact on the pace of restructuring in the Netherlands. Nor did this development lead to higher unemployment or did it cause a marked widening of Dutch income differentials. Concerning competition on world markets, Chinese export products are more complements than substitutes for Dutch export products. The Chinese economy is expected to continue its rapid expansion. Over the next five years, Chinese exports are likely to double. Increasing trade with China will continue and is expected to enhance Dutch welfare in the upcoming years and will continue to be associated with modest increases in competition and continued restructuring on some markets. |
| Keywords: | China; Dutch economy; globalisation; trade; scenario analysis; FDI |
| JEL: | F14 F23 F40 F47 J31 O40 O57 |
| Date: | 2006–09 |
| URL: | http://d.repec.org/n?u=RePEc:cpb:docmnt:127&r=tra |
| By: | Sourafel Girma (University of Nottingham); Yundan Gong (University of Nottingham); Holger Görg (University of Nottingham and IZA Bonn) |
| Abstract: | We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of Chinese SOEs covering the period 1999 to 2003. Our results show that foreign capital participation is associated with higher innovative activity. Inward FDI in the sector has a negative effect on innovative activity in SOEs. However, there is a positive effect of FDI on SOEs that export, invest in human capital or R&D, or have prior innovation experience. We also find that SOEs with internal R&D activity and human capital development are successful innovators. Hence, our results suggest that rather than relying on sector level inward FDI to improve domestic innovative activity, it is important to get the firm-level fundamentals right. |
| Keywords: | innovation, FDI, state owned enterprises, spillovers, competition, China |
| JEL: | F23 O31 |
| Date: | 2006–08 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2267&r=tra |
| By: | Aliaksei Smolski (Vitebsk State Technological University) |
| Abstract: | The paper investigates becoming and development of bankruptcy institution in Republic of Belarus after USSR disintegration. It shows the approaches of government to regulation of bankruptcy at different stages of transitional economy development and its current state. The economical, legal and political problems of bankruptcy institution application in Belarus are reviewed. |
| Keywords: | transition economy, insolvency, bankruptcy |
| JEL: | E61 G33 K12 P21 |
| URL: | http://d.repec.org/n?u=RePEc:nos:wuwpfi:smolski_aliaksei.41567-11&r=tra |
| By: | Mika Wirgrén |
| Keywords: | comparative advantage, factor intensity, Baltic Sea region |
| JEL: | F10 F15 |
| Date: | 2006–09–06 |
| URL: | http://d.repec.org/n?u=RePEc:rif:dpaper:1034&r=tra |
| By: | Csilla Horváth; Judit Krekó (Magyar Nemzeti Bank); Anna Naszódi (Magyar Nemzeti Bank) |
| Abstract: | In this paper we analyze the bank lending channel in Hungary. We provide a brief overview of the theory and the empirical approaches used to investigate the existence of bank lending channel. From the possible methods we use the generally applied approach suggested by Kahsyap and Stein (1995) which relies on discovering asymmetries in changes in the amount of loans to monetary actions in order to isolate supply and demand effects. We estimate an ARDL model where the asymmetric effects are captured by interaction-terms. We find significant asymmetric adjustment of loan quantities along certain bank characteristics. The existence of bank lending channel, and therefore loan supply decisions of banks, can explain these asymmetries. In addition, we do not find any sign for asymmetric loan demand adjustment along these variables. According to these findings, we cannot rule out the existence of the bank lending channel in Hungary. |
| Keywords: | monetary transmission, credit channel, bank lending channel, ARDL model. |
| JEL: | C23 E44 E52 G21 |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:mnb:wpaper:2006/7&r=tra |
| By: | Sumon Kumar Bhaumik (Brunel University and IZA Bonn); Ira N. Gang (Rutgers University and IZA Bonn); Myeong-Su Yun (Tulane University and IZA Bonn) |
| Abstract: | This paper decomposes differences in poverty incidence (head count ratio) using estimates from a regression equation, synthesizing the approaches proposed in World Bank (2003) and Yun (2004). A significance test is developed for characteristics and coefficients effects when decomposing differences in poverty incidence. The proposed method is implemented for studying differences in poverty incidence between Serbians and Albanians in Kosovo using Living Standard Measurement Survey. |
| Keywords: | poverty incidence, head count ratio, OLS, probit, decomposition |
| JEL: | C20 I30 |
| Date: | 2006–08 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2262&r=tra |
| By: | Donato De Rosa |
| Abstract: | This paper examines the exporting behaviour of Russian manufacturers by considering the effects of firm characteristics and external conditions. Two measures of export behaviour are considered: the decision to export and the share of exports to developed markets. I find that specific exporting experience is the main determinant of both export status and destination. Contrary to studies for other countries, firm features, with the exception of firm size, are irrelevant for export status, while labour productivity is important in determining the intensity of exports to developed markets. There is also evidence that spillover effects from agglomeration have an effect on exporting. At the same time, a lower degree of regulatory capture and a less corrupt judiciary matter for orientation towards more developed markets, while regional resource dependence does not hinder manufacturing exporting. |
| Date: | 2006 |
| URL: | http://d.repec.org/n?u=RePEc:pse:psecon:2006-22&r=tra |