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The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy

Hayashi, Fumio - 2006

The question we address in this paper is why the Japanese miracle didn't take place until after World War II. For much of the pre-WWII period, Japan's real GNP per worker was not much more than a third of that of the U.S., with falling capital intensity. We argue that its major cause is a...

Persistent link: https://www.econbiz.de/10012466588

Moving out of Agriculture : Structural Change in Vietnam

McCaig, Brian - 2013

We examine the role of structural change in the economic development of Vietnam from 1990 to 2008. Structural change accounted for a third of the growth in aggregate labor productivity during this period, which averaged 5.1 percent per annum. We discuss the role of reforms in agriculture,...

Persistent link: https://www.econbiz.de/10012459045

Federalism with and without Political Centralization : China versus Russia

Blanchard, Olivier - 2000

In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … behavior of local governments in Russia. First, capture by old firms, leading local governments to protect them from … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …

Persistent link: https://www.econbiz.de/10012471154

U.S. Banks, Crises, and Bailouts : From Mexico to LTCM

Stulz, Rene M. - 2000

This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...

Persistent link: https://www.econbiz.de/10012471245

Identification through Heteroskedasticity : Measuring "Contagion

Rigobon, Roberto - 2000

In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...

Persistent link: https://www.econbiz.de/10012471283

Strategic Trading in a Two-Sided Foreign Exchange Auction

Goldberg, Linda - 1995

The market microstructure chosen for foreign exchange markets can influence trading volumes and equilibrium exchange rates. With emerging markets and developing countries increasingly utilizing two- sided auctions, we show that the choice of the discrete 't

Persistent link: https://www.econbiz.de/10012473692

How Does Privatization Work? Evidence from the Russian Shops

Barberis, Nicholas - 1995

We use a survey of 452 Russian shops, most of which were privatized between 1992 and 1993, to measure the importance of alternative channels through which privatization promotes restructuring. Restructuring is measured as capital renovation, change in suppliers, increase in hours that stores...

Persistent link: https://www.econbiz.de/10012473750

Russia and the Soviet Union Then and Now

Fischer, Stanley - 1992

The main focus of this paper is on the process and progress of economic reform in Russia. But I start with four … historical questions that bear on the current situation. How advanced was Russia in 1913? What relevance, if any, does the New … 1970s and 1980s? What role did Gorbachev's policies play in bringing about the final collapse of the Soviet Union? Russia …

Persistent link: https://www.econbiz.de/10012474902

Social Media and Xenophobia : Evidence from Russia

Bursztyn, Leonardo - 2019

We study the causal effect of social media on ethnic hate crimes and xenophobic attitudes in Russia using quasi …

Persistent link: https://www.econbiz.de/10012480511

Russian Holidays Predict Troll Activity 2015-2017

Almond, Douglas - 2020

While international election interference is not new, Russia is credited with "industrializing" trolling on English … written by trolls from Russia's Internet Research Agency. Most active 2015-2017, these Russian trolls generally supported the …

Persistent link: https://www.econbiz.de/10012482254