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weak outsider property rights enforcement in Russia. Keywords: institutional environment and internal labor market …
Persistent link: https://www.econbiz.de/10012465657
Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....
Persistent link: https://www.econbiz.de/10012469863
A new database demonstrates that between 1600 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by landholding and inheritance...
Persistent link: https://www.econbiz.de/10012464254
We examine three reforms to property rights introduced by the United States in the Philippines in the early 20th century: the redistribution of large estates to their tenants, the creation of a system of secure land titles, and a homestead program to encourage cultivation of public lands. During...
Persistent link: https://www.econbiz.de/10012464349
This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state. Leasehold use rights for land for (re)development are sold by city governments and are a key source of city revenue. Leasehold sales are viewed as a major venue for corruption,...
Persistent link: https://www.econbiz.de/10012463582
investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is …
Persistent link: https://www.econbiz.de/10010522421
investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is …
Persistent link: https://www.econbiz.de/10012466899
When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the … show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of …
Persistent link: https://www.econbiz.de/10012469426
Persistent link: https://www.econbiz.de/10000112367
the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …
Persistent link: https://www.econbiz.de/10012466679