MARTIN RAISER

Chief Economist

European Bank for Reconstruction and Development

One Exchange Square

London EC2A 2EH

Tel: 0171-3387231

Fax: 0171-3386110

E-mail:

Personal Information

Marital status: Married, with three children

Nationality:German

Age:32 years

Place of Birth:Tübingen, West Germany

Summary of qualifications

1992–1996

PhD in Economics, University of Kiel, Germany

1991–1992

MSc in Development Studies-Economics

London School of Economics and Political Sciences

London, United Kingdom

1988–1991

BSc (Econ) in Economics and Economic History

London School of Economics and Political Sciences

London, United Kingdom

Schooling in Geneva, Switzerland and Witten an der Ruhr, West Germany

Professional experience

1998-2000

Member of the Editorial Team for the Transition Report

1996–present

Economist at the European Bank for Reconstruction and Development

London, United Kingdom – promoted to Principal Economist in 1999 and to Senior Economist in 2000

1992–1996

Research Fellow at the Kiel Institute of World Economics, Department of Development Economics and International Trade

Kiel, Germany

Languages

German (native), English and French (fluent), Spanish, Portuguese, Russian (elementary)

Research Interests

Transition Economics: State-owned enterprise reform, macro-consequences of micro-adjustment, social consequences of transition

Development Economics: Macro-economic stabilization and structural adjustment in development countries, income inequality and growth

Ethics and economics

Book reviews published in the Weltwirtschaftliches Archiv, Kyklos, Euro-Asian Studies

Referee for the Weltwirtschaftliches Archiv, the Journal of Comparative Economics, The Economics of Transition, Economic Systems.

List of Publications

Dissertation Topic:

Soft Budget Constraints and the Fate of Economic Reforms in Transition Economies and Developing Countries. Published as Kieler Studie No. 281, JCB Mohr: Tübingen, 1998.

Journal Articles

  1. Old Habits Die Hard: A Note on the Nature of the Crisis in Central Eastern Europe. Intereconomics, Vol. 28, pp. 170-177, July/August 1993.
  2. Searching for the Hole in the Public Pocket: The Institutional Legacy of Soft Budget Constraints and the Polish Transformation Process. Economic Systems, Vol. 17, pp. 251-278, December 1993.
  3. Governing the Transition to a Market Economy. Economics of Transition, Vol. 3, No. 2, pp.215-246, June 1994, also published as Kiel Working Paper No. 591.
  4. The No-Exit Economy: Soft Budget Constraints and the Fast of Economic Reforms in Developing Countries. World Development, Vol.22, No. 12, pp. 1851-1868, December 1994., also published as Kiel Working Paper No. 582.
  5. Lessons for Whom from Whom? The Transition from Socialism in China and Central Eastern Europe Compared. Communist Economies and Economic Transformation, Vol. 7, No. 2, pp. 133-157, June 1995, also published as Kiel Working Paper No. 630.
  6. “Die Rolle des Staates in der Systemtransformation: Die Erfahrungen der VR China”. Die Weltwirtschaft, No.3, pp. 340-362.
  7. Evaluating Chinese Industrial Reforms: SOEs between Output Growth and Profit Decline. Asian Economic Journal, Vol. 11, No. 3, pp. 299-323, September 1997, also published as Kiel Working Paper No.672.
  8. How are Chinese state-owned enterprises doing in the 1990s? Evidence from three interior provinces. China Economic Review, Vol. 8, No. 2, pp. 191-216, Fall 1997.
  9. With Holger Brauer and Martin Falk), Labour Markets in Poland and Hungary. Five Years from Transition. Konjunkturpolitik, Applied Economics Quarterly, Vol. 43, No. 3, pp. 248-274, Fall 1997, also published as Kiel Working Paper No. 742 (1996).
  10. Destruction, Diversity, Dialogue: Notes on the Ethics of Development. Journal of International Development, Vol. 9 , No. 1, pp. 39-57, January 1998.
  11. Subsidising Inequality: Economic Reforms, Fiscal Transfers and Convergence Across Chinese Provinces. The Journal of Development Studies, Vol. 34, No 3, pp.1-26, February 1998,also published as Kiel Working Paper No. 758.
  12. With Steven Fries and Nicholas Stern. "A Stress Test for Transition: transition and east Asian contagion.” The Economics of Transition, Vol. 7, No. 2, pp. 535-568, also published as EBRD Working Paper No. 28.
  13. With Katharina Pistor and Stanislav Gelfer “Law and Finance in Transition”. The Economics of Transition, Vol. 8, No. 2, pp. 325-368, also published as EBRD Working Paper No. 48.

EBRD Working Papers

  1. "Informal institutions, social capital and economic transition: reflections on a neglected dimension". No. 25. (1997). Forthcoming in WIDER Conference Volume, ed. G.A. Cornia and V. Popov.
  2. “Trust in Transition”. EBRD Working Paper, No. 37 (1999)
  3. “Defying the Odds: Initial Conditions, Reform and Growth in the First Decade of Transition”. EBRD Working Paper No. 55, with Elisabetta Falcetti and Peter Sanfey
  4. “A Structural Model of Institutional Change: Evidence from the Transition Economies.” EBRD Working Paper No. 60, with Melvyn Weeks and Maria L. Di Tommaso.
  5. “Social Capital in Transition: A first look at the evidence”, EBRD Working Paper No. 62, forthcoming, with Christian Haerpfer and Clair Wallace.

Kiel Working and Discussion Papers

  1. "Soft Budget Constraints: An Institutional Interpretation of Stylised Facts in Economic Transformation in Central Eastern Europe", No. 549, December 1992.
  2. With Peter Nunnenkamp: "Output Decline in Eastern Europe: The Role of Incentives Before, During and After Privatisation", No. 601, December 1993, also published in: R, Holzman, J. Gasc and G. Winckler (eds.), Output Decline in Eastern Europe, Unavoidable, External Influence or Homemade?, Kluwer International Studies in Economics and Econometrics, Vol. 34: Dordrecht.
  3. “Ein Tschechisches Wunder? Zur Rolle politikinduzierter Anreizstrukturen im Transformationsprozess”.Kiel Discussion PaperNo.233, June 1994.
  4. With Frances Perkins: "State Enterprise Reform and Macroeconomic Stability in Transition Economies", No. 665, December 1994, also published as Economics Division Working Paper No. 1,1995, RSPAS, Australian National University.
  5. "Decentralization, Autonomy and Efficiency: Inconsistent Reforms and Enterprise Performance in China", No. 689, June 1995.
  6. With Holger Brauer and Martin Falk: “Making Sense of the J-Curve: Capital Utilisation, Output and Total Factor Productivity in Polish Industry, 1990-1993”. No. 723. February 1996.

Other publications or mimeographed papers

  1. “Vom Nirwana der Autarkie zum Fegefeuer der Vetternwirtschaft”.In: Das Parlament, February 1993, p.11.
  2. With Claudia Buch, Norbert Funke, and Ralph Heinrich, Overcoming Obstacles to Successful Reforms in Economies in Transition, Kieler Studie No. 261, JCB Mohr: Tübingen.
  3. With Horst Siebert, and Rolf J. Langhammer: "The Transition Process in Central and Eastern Europe: Is There a German View?" Background Paper for the World Development Report 1996.
  4. With Mark Schaffer and Johannes Schuchhardt, “Industrialisation, Central Planning and Structural Change during Transition: a simple model and evidence”, EBRD, Herriot-Watt University and Humboldt University mimeographed, January 2000.