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The Response of Consumption in Russian Households to Economic Shocks

Stillman, Steven - William Davidson Institute, University of Michigan - 2001

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …

Persistent link: https://www.econbiz.de/10005784663

Do business groups help or hinder technological progress in emerging markets? Evidence from India

Bhaumik, Sumon K.; Zhou, Ying - William Davidson Institute, University of Michigan - 2014

Business groups, which are ubiquitous in emerging market economies, balance the advantages of characteristics such as internal capital markets with the disadvantages such as inefficient internal distribution of resources and suppression of technological and other forms of innovativeness. In this...

Persistent link: https://www.econbiz.de/10010859437

How to Stir Up FDI Spillovers: Evidence from a Large Meta-Analysis

Havranek, Tomas; Irsova, Zuzana - William Davidson Institute, University of Michigan - 2011

The voluminous empirical research on horizontal productivity spillovers from foreign investors to domestic firms in transition and developing countries has yielded mixed results. In this paper, we collect 1,205 estimates of horizontal spillovers from the literature and examine which factors in...

Persistent link: https://www.econbiz.de/10011161389

Corruption in Transition

Basu, Susanto; Li, David D. - William Davidson Institute, University of Michigan - 1998

Countries making the transition to a market economy often experience an increase in corruption along with an increase in growth. This observation is puzzling in the context of current models, which emphasize the destructive nature of corruption. We present a model of corruption and reform which...

Persistent link: https://www.econbiz.de/10005784616

A Theory of Ambiguous Property Rights in Transition Economies: The Case of the Chinese Non-State Sector

Li, David D. - William Davidson Institute, University of Michigan - 1996

Can ambiguous property rights sometimes be efficient? Ambiguous property rights arises when owners' rights axe not guaranteed before hand. Instead, owners have to fight for actual control, ex pos. We show that China's highly successful non-state sector is a major example of ambiguous property...

Persistent link: https://www.econbiz.de/10005784694

Ethnic Conflict and Economic Disparity: Serbians & Albanians in Kosovo

Bhaumik, Sumon; Gang, Ira; Yun, Myeong-Su - William Davidson Institute, University of Michigan - 2005

We use the Living Standards Measurement Study (LSMS) household survey from post-conflict Kosovo to examine economic deprivation among Serbs and Albanians. Economic deprivation is measured by per capita household expenditure and by the incidence of poverty as captured by the headcount ratio. We...

Persistent link: https://www.econbiz.de/10005784700

How Transition Paths Differ: Enterprise Performance in Russia and China

Bhaumik, Sumon; Estrin, Saul - William Davidson Institute, University of Michigan - 2005

We use enterprise data to analyse and contrast the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs, but not correlated with ownership or institutional factors. However, in...

Persistent link: https://www.econbiz.de/10005784701

Why Transition Paths Differ: Russian and Chinese Enterprise Performance Compared

Bhaumik, Sumon; Estrin, Saul - William Davidson Institute, University of Michigan - 2003

We use enterprise data to analyse and compare the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs including management, as well as TFP, but not greatly associated with...

Persistent link: https://www.econbiz.de/10005784776

A Note on Poverty in Kosovo

Bhaumik, Sumon Kumar; Gang, Ira N.; Yun, Myeong-Su - William Davidson Institute, University of Michigan - 2005

Kosovo is a war-torn corner of the former Yugoslavia, where a civil war between ethnic Albanians and ethnic Serbs raged during most of the 1990s. We examine the incidence and depth of poverty and some of its correlates in post-conflict Kosovo using the Living Standards Measurement Survey.

Persistent link: https://www.econbiz.de/10005784801

Competitive Shocks and Industrial Structure: The Case of Polish Manufacturing

Ghemawatt, Pankaj; Kennedy, Robert E. - William Davidson Institute, University of Michigan - 1997

A large number of countries have recently experienced competitive shocks: sudden increases in the role that market forces play in determining the evolution of various industries. In this paper, we study the implications of Poland's competitive shock for three elements of the structure of that...

Persistent link: https://www.econbiz.de/10005489873