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In this essay we analyze the relation between long-term growth and institutional development. Relative backwardness has been a constant feature of the history of Latin America. In the wake of Independence the gap between Latin America and the industrializing world was already wide and widened...
Persistent link: https://www.econbiz.de/10008468602
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
Product development within and across community-based and geographically dispersed virtual organizations is becoming an increasingly important mechanism through which individual knowledge holders create and disseminate knowledge in joint efforts to generate products. Without the benefits of...
Persistent link: https://www.econbiz.de/10011083814
pooling--based on a census-type primary household survey in three natural villages in rural China and on detailed household …
Persistent link: https://www.econbiz.de/10011084405
In our model, workers are embedded within a network of social relationships and can communicate through word-of-mouth. They can find a job either through formal agencies or through informal networks of contacts (word-of-mouth communication). From this micro scenario, we derive an aggregate...
Persistent link: https://www.econbiz.de/10005789195
China was the largest economy in the world before the end of the 19th century; then became one of the poorest countries … in the world in a few decades. Now China is returning to its historical past. To understand China’s development, and to … understand where and how far China will move forward, this paper examines how its institution functioning. …
Persistent link: https://www.econbiz.de/10011145429
Import competition from China is pervasive in the sense that for many good categories, the competitive environment that …
Persistent link: https://www.econbiz.de/10011145441
In this paper we provide an overview of China’s human capital strategy and educational achievements over the last two … decades. While every one acknowledges China as an economic superpower, very few are aware of or realize China’s notable … Chinese modern higher education system China has made tremendous strides in education both domestically and internationally …
Persistent link: https://www.econbiz.de/10009002385
, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s" dominance hypothesis", i.e. whether the … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …
Persistent link: https://www.econbiz.de/10009371469
Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...
Persistent link: https://www.econbiz.de/10011165652