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China's Great Leap: Forward or Backward? Anatomy of a Central Planning Disaster
An, Mark Yuying; Li, Wei; Yang, Dennis Tao - C.E.P.R. Discussion Papers - 2001
The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …
Persistent link: https://www.econbiz.de/10005789139
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The Weightless Economy in Economic Development
Quah, Danny - C.E.P.R. Discussion Papers - 1999
development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …
Persistent link: https://www.econbiz.de/10005791375
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The Institutional Foundations of China’s Reforms and Development
Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …
Persistent link: https://www.econbiz.de/10008468688
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The Limits of Career Concerns in Federalism: Evidence from China
Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015
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
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Nested logit or random coefficients logit? A comparison of alternative discrete choice models of product differentiation
Grigolon, Laura; Verboven, Frank - C.E.P.R. Discussion Papers - 2011
We start from an aggregate random coefficients nested logit (RCNL) model to provide a systematic comparison between the tractable logit and nested logit (NL) models with the computationally more complex random coefficients logit (RC) model. We first use simulated data to assess possible...
Persistent link: https://www.econbiz.de/10009322976
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Advertising and the Evolution of Market Structure in the US Car Industry
Geroski, Paul A; Mazzucato, Mariana - C.E.P.R. Discussion Papers - 2001
This Paper focuses on a single simple stylized fact which stands out from the post-war history of the US Car industry, namely that industry concentration fell just at the same time as industry advertising expenditures rose sharply. Since both events were almost certainly caused by the entry and...
Persistent link: https://www.econbiz.de/10005136459
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Risk Shifting, Technology Policy and Sales Contingent Claims: When is Launch Aid to the Aerospace Industry A Subsidy?
Kaivanto, Kim; Stoneman, Paul - C.E.P.R. Discussion Papers - 2004
This Paper studies the criteria with which the presence or absence of ‘subsidy’ in sales contingent Launch Aid R&D support may be determined when payoff-relevant market incompleteness limits the precision of market-based pricing to non-trivial intervals. The criteria currently employed in...
Persistent link: https://www.econbiz.de/10005136724
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Qualitative Effects of Cash-For-Clunkers Programs
Miravete, Eugenio J; Rincón, Moral; J, Maria - C.E.P.R. Discussion Papers - 2009
We document how automobile scrappage incentives similar to the ‘2009 Car Allowance Rebate System’ (cars) may influence drivers’ tastes in favor of fuel-efficient automobiles. Between 1994 and 2000 the market share of diesel automobiles doubled after Spanish government sponsored two...
Persistent link: https://www.econbiz.de/10008577806
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Competition and Trust: Evidence from German Car Manufacturers
Felli, Leonardo; Koenen, Johannes; Stahl, Konrad - C.E.P.R. Discussion Papers - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10008854478
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Consumer valuation of fuel costs and the effectiveness of tax policy: Evidence from the European car market
Grigolon, Laura; Reynaert, Mathias; Verboven, Frank - C.E.P.R. Discussion Papers - 2014
To what extent do car buyers undervalue future fuel costs, and what does this imply for the effectiveness of alternative tax policies? To address both questions, we show it is crucial to account for consumer heterogeneity in mileage and other dimensions. We use detailed product-level data for a...
Persistent link: https://www.econbiz.de/10011145447