Editorial: Special Edition of the Central European Economic Journal to Mark the 70th Birthday of Prof. Jan Jakub Michałek
In: Central European economic journal, Band 11, Heft 58, S. 17-20
ISSN: 2543-6821
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In: Central European economic journal, Band 11, Heft 58, S. 17-20
ISSN: 2543-6821
In: Emerging markets, finance and trade: EMFT, Band 54, Heft 11, S. 2630-2649
ISSN: 1558-0938
In: Central European economic journal, Band 11, Heft 58, S. 79-96
ISSN: 2543-6821
Abstract
EU enlargements have given new EU member states access to the European Single Market. While tariff liberalisation was already completed at the time of enlargement, technical regulations were subject to different sectoral approaches, including harmonisation and mutual recognition. We employ a structural gravity model estimated using sectoral trade data from 1987 to 2020 to assess the trade effects of these measures. We find that trade expansion, particularly exports of the NMS to the incumbent EU members, has been stronger in the sectors covered either by the Old Approach (full harmonisation) or the New Approach (essential requirements) than in sectors covered by mutual recognition. The New Approach has been more effective when coupled with mutual recognition at the sector level than with either approach alone. Our results imply that the TBT harmonisation has had a heterogenous impact on different sectors (the most important for low-tech industries was the Old Approach, while for high-tech, it was the New Approach).
In: Post-Soviet affairs, Band 38, Heft 6, S. 513-530
ISSN: 1938-2855
World Affairs Online
SSRN
In: Economics of transition and institutional change, Band 29, Heft 1, S. 95-122
ISSN: 2577-6983
AbstractEarly transition literature linked a large number of firm failures with the inability to overcome the pre‐transition misallocation of resources, that is, the inadequate capital–labour ratio. We look at the link between misallocation and firm survival using a rich firm‐level dataset of over 1,600 manufacturing plants established in a centrally planned economy after 1945. Our duration models include the standard Olley–Pakes misallocation measures as well as a firm‐level measure of the counterfactual level of capital that takes into account the present‐day market allocation and productivity. We show that while privatization is positively related to firm survival, misallocation (a) was more of a firm‐level than sector‐level phenomenon and, more importantly, (b) it, in general, did not have a sizeable effect on the actual firm survival nor it had an impact on the outcome of privatization.
In: The World Economy, Band 42, Heft 7, S. 1994-2025
SSRN
In: Eastern European economics: EEE, Band 52, Heft 6, S. 3-31
ISSN: 1557-9298
In: Eastern European economics, Band 52, Heft 6
ISSN: 0012-8775
In: Economics of transition, Band 20, Heft 2, S. 195-233
ISSN: 1468-0351
AbstractForeign subsidiaries usually perform better than domestic enterprises, but selection effects have been acknowledged in the literature. This article contributes by quantitatively evaluating the size of the selection effects and direct effects of FDI entry. We use a large panel of firm‐level data from Poland and match foreign‐owned firms to a control group of non‐foreign‐owned companies and analyse various performance indicators. In terms of efficiency measures, between 50 and 70 percent of the foreign affiliates advantage may be attributed to direct ownership effects. However, in the case of export intensity, the majority of the differential between the domestic companies and foreign subsidiaries is attributable to selection effects: MNEs choose export‐oriented companies and sectors.
In: National Bank of Poland Working Paper No. 121
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Working paper
In: The International trade journal, Band 25, Heft 5, S. 516-538
ISSN: 1521-0545
In: Eastern European economics: EEE, Band 49, Heft 3, S. 89-111
ISSN: 1557-9298
In: Eastern European economics: EEE, Band 46, Heft 5, S. 27-46
ISSN: 1557-9298
In: CEPR Discussion Paper No. DP12991
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Working paper