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A Conceptual Framework for Understanding Critical Transitions
Alston, Lee J. - 2016
Critical transitions for a country are historical periods when the powerful organizations in a country shift from one set of beliefs about how institutions (the formal and informal rules of the game) will affect outcomes to a new set of beliefs. Critical transitions can lead a country toward...
Persistent link: https://www.econbiz.de/10012456531
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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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Coups, Corporations, and Classified Information
Dube, Arindrajit - 2011
We estimate the impact of coups and top-secret coup authorizations on asset prices of partially nationalized multinational companies that stood to benefit from US-backed coups. Stock returns of highly exposed firms reacted to coup authorizations classified as top-secret. The average cumulative...
Persistent link: https://www.econbiz.de/10012461705
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The Consequences of Radical Reform : The French Revolution
Acemoglu, Daron - 2009
The French Revolution of 1789 had a momentous impact on neighboring countries. The French Revolutionary armies during the 1790s and later under Napoleon invaded and controlled large parts of Europe. Together with invasion came various radical institutional changes. French invasion removed the...
Persistent link: https://www.econbiz.de/10012463816
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The World our Grandchildren Will Inherit : The Rights Revolution and Beyond
Acemoglu, Daron - 2012
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10012460665
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The Democratic Transition
Murtin, Fabrice - 2011
Over the last two centuries, many countries experienced regime transitions toward democracy. We document this democratic transition over a long time horizon. We use historical time series of income, education and democracy levels from 1870 to 2000 to explore the economic factors associated with...
Persistent link: https://www.econbiz.de/10012461226
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Regime Changes and FDI : A Tale of Two Countries – Poland and Israel
Razin, Asaf; Cieślik, Andrzej - National Bureau of Economic Research - 2024
regime change, the essay spotlights the tale of two countries: Poland and Israel. The liberalization of the Polish economy … and market reforms in the late 1980s and early 1990s boosted Poland's attractiveness to international companies. However …, decades-long of illiberal policies under the PiS regime has reduced Poland's appeal to foreign investors. Similarly, Israel …
Persistent link: https://www.econbiz.de/10014576643
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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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Geography, Economic Policy, and Regional Development in China
Demurger, Sylvie - 2002
Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces. We decomposed the location dummies in provincial growth regressions to obtain estimates of the effects of geography and policy on provincial growth rates in 1996-99. Their...
Persistent link: https://www.econbiz.de/10012469817
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The transition in Eastern Europe
Blanchard, Olivier (contributor) - 1994
Persistent link: https://www.econbiz.de/10000109378