In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …

using a natural experiment in India as well as data from China, Indonesia, the Philippines, South Africa, and Kenya …

examine this in the context of China and India - two large, rapidly-growing developing economies. Using theory, we develop a … in China and 15 percentage points in India. This impact has fallen over time in both countries as firm concentration in …

. Diamond (1997) famously argued that "fractured land" was responsible for China's tendency toward political unification and … state formation in Eurasia. We find that either topography or productive land alone is sufficient to account for China … productivity in Northern China plays a central role in our simulations. We discuss how our results map into observed historical …

, as well as in South Korea and China--two countries on different sides of the trilemma triangle of international finance …. We document that global financial shocks in both China and South Korea explain a substantial share of equity return … than 10 percent in Korea and negligible in the case of China). We also find that the combination of a closer capital …

second from China. In each case, we find that women are far less likely to be investigated for corruption than men. In our … enforcement authorities; in China, female prefectural leaders are as much as 75 percent less likely to be arrested for corruption …

-development institutions, how should one understand why Imperial China, with weaker rule of law and property rights, gave the commoners more … par with the Elites in China in terms of power and rights. Based on these narratives, we build a game-theoretical model … differences between Imperial China and Premodern Europe, as well as specific institutions such as the bureaucracy in China and the …

best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude … gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …