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Institutional Adaptability and Economic Development: The Property Rights Revolution in Britain, 1700 to 1830
Richardson, Gary; Bogart, Dan - National Bureau of Economic Research (NBER) - 2008
Adaptable property-rights institutions, we argue, foster economic development. The British example illustrates this point. Around 1700, Parliament established a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to take advantage of...
Persistent link: https://www.econbiz.de/10005720679
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Property Rights and Parliament in Industrializing Britain
Bogart, Daniel; Richardson, Gary - National Bureau of Economic Research (NBER) - 2010
During Britain's industrialization, Parliament operated a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to exploit economic opportunities that could not be accommodated by the inflexible rights regime inherited from the past. In...
Persistent link: https://www.econbiz.de/10008610965
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Estate Acts, 1600 to 1830: A New Source for British History
Bogart, Dan; Richardson, Gary - National Bureau of Economic Research (NBER) - 2008
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/10005722975
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Land Reform and Sex Selection in China
Li, Hongbin; Almond, Douglas; Zhang, Shuang - National Bureau of Economic Research (NBER) - 2013
Following the death of Mao in 1976, abandonment of collective farming lifted millions from poverty and heralded sweeping pro-market policies. How did China's excess in male births respond to rural land reform? In newly-available data from over 1,000 counties, a second child following a daughter...
Persistent link: https://www.econbiz.de/10010950798
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Incentives and Outcomes: China's Environmental Policy
Deng, Yongheng; Morck, Randall; Wu, Jing; Huang, Jun; … - National Bureau of Economic Research (NBER) - 2013
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...
Persistent link: https://www.econbiz.de/10010950924
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"Loans for Shares" Revisited
Treisman, Daniel - National Bureau of Economic Research (NBER) - 2010
The "loans for shares" scheme of 1995-6--in which a handful of well-connected businessmen bought stakes in major Russian companies--is widely considered a scandal that slowed subsequent Russian economic growth. Fifteen years later, I reexamine the details of the program. In light of evidence...
Persistent link: https://www.econbiz.de/10008601668
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Federal Institutions and the Democratic Transition: Learning from South Africa
Inman, Robert P.; Rubinfeld, Daniel L. - National Bureau of Economic Research (NBER) - 2008
We present a model of a peaceful transition from autocracy to democracy using federal governance as a constitutional … Africa's transition from white, elite rule under apartheid to a multi-racial democracy. We calibrate our model to the South … preferences and rate of time preference ('impatience') of the new majority during the early years of the new democracy. The future …
Persistent link: https://www.econbiz.de/10005575696
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After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
Hoff, Karla; Stiglitz, Joseph E. - National Bureau of Economic Research (NBER) - 2002
When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the rule of law. That didn't happen. We present a dynamic equilibrium model of the political demand for the rule of law and show that beneficiaries of mass privatization may fail to...
Persistent link: https://www.econbiz.de/10005580346
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Economics versus Politics: Pitfalls of Policy Advice
Acemoglu, Daron; Robinson, James Alan - National Bureau of Economic Research (NBER) - 2013
The standard approach to policy-making and advice in economics implicitly or explicitly ignores politics and political economy, and maintains that if possible, any market failure should be rapidly removed. This essay explains why this conclusion may be incorrect; because it ignores politics,...
Persistent link: https://www.econbiz.de/10010969258
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State Capacity and Economic Development: A Network Approach
Acemoglu, Daron; Robinson, James Alan; García-Jimeno, … - National Bureau of Economic Research (NBER) - 2014
We study the direct and spillover effects of local state capacity using the network of Colombian municipalities. We model the determination of local and national state capacity as a network game in which each municipality, anticipating the choices and spillovers created by other municipalities...
Persistent link: https://www.econbiz.de/10010969364