This paper examines the impact of the concentration of the property insurance industry on economic growth in China. We first compute the Herfindahl-Hirschman Index (HHI) for the Chinese property insurance industry and establish a two-step system of generalized methods of moments (Two-Step SYS-GMM) estimation to compute the economic effect using a unique data set from the years 1980 to 2014. The...

I examine how mergers affect performance in network industries. Network providers choose quality for communication within the provider’s own network, quality for communication between providers’ networks, and output. Cross-border mergers provide firms an incentive to increase output because merged firms internalize positive network externalities. Several results modify conclusions in the curren...

In his The Rhetoric of Reaction, Albert Hirschman (1991) argues that each major advance in the development of citizenship in Western democracies has provoked three common forms of reactionary rhetoric by opponents of reform which, in turn, have been met by their three “progressive counterparts” advanced by advocates of reform. In this short note, we apply Hirschman’s taxonomies of rhetoric to t...

Modern economic growth is viewed through the prism of paradigm sustainable development. This work presents reasons for difficulties transition to development an economy with a high share extractive industry and shows that effective implementation Sustainable Development Goals it necessary change model reducing role this industry. The analysis contribution gross regional product Russia’s regions...

The geographical location of Ukraine provides a multitude possibilities for successful investment activity. There are rich natural resources, fertile soil and qualified low-cost labour force. On the other hand, investors have to deal with historical ties Soviet Union, corruption, and political instability exacerbated by occupation part territory Russia. This paper deals possibility identifyi...

Market power refers to conditions where the providers of a service can consistently charge prices above those that would be established by a competitive market. There are many well known definitions of market power, including indices intended to quantify the degree of market concentration of energy supplies. Unfortunately, market power considerations within electric power markets require the co...

This paper examines the development and comparison of competition concentration in banking insurance sector Czech Republic during 2007-2019 period using Herfindahl-Hirschman index (HH index). In empirical section we calculate degree indexes separately for markets, where main variable relation to banks is balance sheet this gross written premium companies. Subsequently, compare two examined sect...

BACKGROUND Although concentrating adult congenital heart disease services at high-volume centers has been widely advocated, the potential beneficial effects of competition and patient choice have received relatively little attention. We aimed to assess the degree of patient choice and competition between adult congenital heart disease units and to investigate whether competition indices correla...