Showing 1 - 10 of 308
across regions with varying levels of local economic development in Vietnam. First, we find that informal businesses exhibit …
Persistent link: https://www.econbiz.de/10012599276
development quest. The sample includes seven developing countries--Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil … industrialization only played a significant role in Vietnam …
Persistent link: https://www.econbiz.de/10012455303
This study examines how the historical state conditions long-run development, using Vietnam as a laboratory. Northern … Vietnam (Dai Viet) was ruled by a strong centralized state in which the village was the fundamental administrative unit …. Southern Vietnam was a peripheral tributary of the Khmer (Cambodian) Empire, which followed a patron-client model with weaker …
Persistent link: https://www.econbiz.de/10012455473
We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...
Persistent link: https://www.econbiz.de/10012462256
This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans. The Korean reunification's fiscal impact...
Persistent link: https://www.econbiz.de/10012467998
The paper considers issues in recent research on macroeconomic equilibrium in centrally planned economies. I defend the explicit aggregative , macroeconomic approach in theory, institutional relationships and measurement. It has offered a fresh, coherent framework for analysis of many CPE...
Persistent link: https://www.econbiz.de/10012477201
We analyze consequences of changing the terms of trade between agriculture and industry on capital accumulation and on welfare of workers in different sectors. The issue was central to Soviet industrialization debate and it remains important in today's developing world. Through a simple general...
Persistent link: https://www.econbiz.de/10012477945
This empirical study stresses the underlying macroeconomic forces which determine foreign trade flows in CPEs. The general specification includes a planners' demand equation for the volume of imports, a planners' supply equation for the volume of exports, and a rest-of-world demand equation for...
Persistent link: https://www.econbiz.de/10012478379
This paper investigates the institutional causes of China's Great Famine. It presents two empirical findings: 1) in 1959, when the famine began, food production was almost three times more than population subsistence needs; and 2) regions with higher per capita food production that year suffered...
Persistent link: https://www.econbiz.de/10012462295
We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries. We find that there...
Persistent link: https://www.econbiz.de/10012464054