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Why Doesn't Capitalism Flow to Poor Countries?

Tella, Rafael Di - 2007

corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism … externality since the existence of corrupt entrepreneurs hurts good entrepreneurs by reducing the electoral appeal of capitalism …

Persistent link: https://www.econbiz.de/10012465489

State Versus Private Ownership

Shleifer, Andrei - 1998

costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on …

Persistent link: https://www.econbiz.de/10012472146

Pervasive Shortages Under Socialism

Shleifer, Andrei - 1991

We present a new theory of pervasive shortages under socialism, based on the assumption that the planners are self … suggests that market socialism is bound to fail even without computational complexities facing the planners …

Persistent link: https://www.econbiz.de/10012475209

Left, Right, Left : Income, Learning and Political Dynamics

Morrow, John - 2013

The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...

Persistent link: https://www.econbiz.de/10012459164

Financial Crisis in a Socialist Setting : Impact on Political Behavior, Social Trust, and Economic Values

Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - National Bureau of Economic Research - 2023

Research on the political and social impacts of financial crises has focused chiefly on free market economies, hindering our understanding of their effects in other settings. We exploit an episode of a financial crisis that hit the Israeli kibbutzim to study its impact in a socialist context....

Persistent link: https://www.econbiz.de/10014226115

Peronist Beliefs and Interventionist Policies

Tella, Rafael Di - 2010

We study the logic of Peronist interventionist polices and the beliefs that support them. Instead of a comprehensive approach, we focus on three elements. First, we study beliefs and values about the economic system present in Peron's speeches during the period 1943-55. Second, we study survey...

Persistent link: https://www.econbiz.de/10012462036

Never Waste a Good Crisis : An Historical Perspective on Comparative Corporate Governance

Morck, Randall - 2009

allocating the economy's capital and other resources. Comparative financial histories show these corporate governance regimes to …

Persistent link: https://www.econbiz.de/10012463607

Vertical Integration, Institutional Determinants and Impact : Evidence from China

Fan, Joseph P.H. - 2009

Where legal systems and market forces enforce contracts inadequately, vertical integration can circumvent these transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption. Vertical integration might then enhance returns to political...

Persistent link: https://www.econbiz.de/10012463999

Regulation and Distrust

Aghion, Philippe - 2009

government's role, as well as on changes in beliefs and in trust during the transition from socialism …

Persistent link: https://www.econbiz.de/10012464001

Explaining International Differences in Entrepreneurship : The Role of Individual Characteristics and Regulatory Constraints

Ardagna, Silvia - 2008

We use a micro dataset that collects information across individuals, countries, and time to investigate the determinants of entrepreneurial activity in thirty-seven developed and developing nations. We focus both on individual characteristics and on countries' regulatory differences. We show...

Persistent link: https://www.econbiz.de/10012464634