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Reform from Within
Tornell, Aaron - 1998
We present a model of endogenous institutional change that rationalizes reforms that have taken place in the context of economic crisis and drastic political change. Most of the reforms have been initiated by powerholders, even though they have ended worse off relative to the status quo. The...
Persistent link: https://www.econbiz.de/10012472305
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Initial Public Offering and Corporate Governance in China's Transitional Economy
Hsun, Chen-Chien - 2003
This paper empirically investigates the performance of Chinese initial public offerings (IPOs). The data used covers the period from mid-1995 to mid-1999 with the sample including 884 companies (both in the A- and B-share markets). In an examination of growth, profitability and stability of...
Persistent link: https://www.econbiz.de/10012469125
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Institutions vs. Policies : A Tale of Two Islands
Henry, Peter Blair - 2008
Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...
Persistent link: https://www.econbiz.de/10012464043
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The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?
Aizenman, Joshua - 2014
This paper looks at the short history of the Eurozone through the lens of an evolutionary approach to forming new institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro to achieve a number of design objectives, and this...
Persistent link: https://www.econbiz.de/10012458424
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Political Economy in a Changing World
Acemoglu, Daron - 2013
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...
Persistent link: https://www.econbiz.de/10012459504
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Accounting for Growth : Comparing China and India
Bosworth, Barry - 2007
We compare the recent economic performances of China and India using a simple growth accounting framework that produces … roughly double that of India at the aggregate level, and also higher in each of the three sectors in both sub-periods. In …'s aggregate productivity growth. In contrast, 45 percent of the growth in India in the second sub-period came in services …
Persistent link: https://www.econbiz.de/10012465713
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India's Patterns of Development : What Happened, What Follows
Kochhar, Kalpana - 2006
India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian … economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has … they stem from the idiosyncratic policies adopted soon after India's independence. We then look to the future, using the …
Persistent link: https://www.econbiz.de/10012466646
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The Service Sector as India's Road to Economic Growth
Eichengreen, Barry - 2011
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10012461900
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Sectoral Development Multipliers
Buera, Francisco; Trachter, Nicholas - National Bureau of Economic Research - 2024
How should industrial policies be directed to reduce distortions and foster economic development? We study this question in a multi-sector model with technology adoption, where the production of goods and modern technologies features rich network structures. We provide simple formulas for the...
Persistent link: https://www.econbiz.de/10014512084
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Seeking a premier league economy : the economic effects of British economic reforms, 1980 - 2000 ; [the papers were presented at a preliminary conference and a final conference at...
Card, David E. (ed.); Blundell, Richard W. (contributor);  … - 2004
Persistent link: https://www.econbiz.de/10001795502