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We study how the employment effects of enterprise zones vary with their location, implementation, and administration, based on evidence from California. We use new establishment-level data and geographic mapping methods, coupled with a survey of enterprise zone administrators. Overall, the...
Persistent link: https://www.econbiz.de/10013070894
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
Persistent link: https://www.econbiz.de/10002631733
This paper investigates the institutional causes of China's Great Famine. It presents two empirical findings: 1) in …
Persistent link: https://www.econbiz.de/10013138144
) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two …
Persistent link: https://www.econbiz.de/10013023347
political rent seeking is substantial, firm value might rise as economy performance decays. China offers a suitable background …
Persistent link: https://www.econbiz.de/10012753256
Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …
Persistent link: https://www.econbiz.de/10012753817
cross-provincial variation in institutional quality in China, and export data that distinguishes between foreign and …
Persistent link: https://www.econbiz.de/10013311926
We combine data on trade, production, and input use to compute the value added content of trade for forty-two countries from 1970 to 2009. For the world, the ratio of value added to gross trade falls by ten to fifteen percentage points, with two-thirds of this decline in the last two decades....
Persistent link: https://www.econbiz.de/10013104723
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981