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sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of … states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which agricultural taxes were enforced. It also …
Persistent link: https://www.econbiz.de/10011278162
sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of … states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which agricultural taxes were enforced. It also …
Persistent link: https://www.econbiz.de/10011278220
Persistent link: https://www.econbiz.de/10009363379
We examine a model in which the utility function has been engineered so that it is optimal for consumers to aim for a fixed target level of retirement resources. In this case consumption displays excess sensitivity to current income as well as perfect old age insurance. In an overlapping...
Persistent link: https://www.econbiz.de/10009365508
Persistent link: https://www.econbiz.de/10009363582
In the relatively new body of ideas dubbed new economic geography and spatial economics, we find insights on the potentials of industrial agglomeration for regional and national economic development. This paper looked into the evolution of industrial development in the country as a means of...
Persistent link: https://www.econbiz.de/10009363678
The rise of China is a major episode in world economic history. From the late 1970s, China pursued market … to an industrialised economy. Third, China is changing from autarky to an important player in the arena of world economy …-oriented reforms and open policy. During the past two decades, China experienced extraordinary growth. Since 1978, GDP growth rates …
Persistent link: https://www.econbiz.de/10009363966
With booming economic growth Asia will play increasingly important role in global economic and energy matters. World …
Persistent link: https://www.econbiz.de/10009364018
This paper establishes a simple model of long run economic and political development, which is driven by the inherent technical features of dierent production factors and the political con.icts among factor owners on how to divide the outputs. The main production factor in economy evolves from...
Persistent link: https://www.econbiz.de/10009365197
This paper studies the transition of contract enforcement institutions. The prevalence of relational contracts, low legal quality, strong cultural preference for personalistic relationships, low social mobility, and highly unequal endowment form a cluster of mutually reinforcing institutions...
Persistent link: https://www.econbiz.de/10009365213