Showing 1 - 10 of 151
, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role … played by ideas, interests and institutions. More specifically, we examine the role played by the 'reform team' investigate …
Persistent link: https://www.econbiz.de/10012472294
likely to happen by government decree. Instead, they usually come about when the unanimous blocking of reform by powerful … sustainability of reform depends on the existence of new groups that benefit from the new status quo and have enough power to defend … it. Thus, the speed of successful reform is determined by the speed with which new groups are consolidated. Initially …
Persistent link: https://www.econbiz.de/10012473548
wages and prices. -- reform reversals ; price liberalization ; trade liberalization ; privatization ; political economy … reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel … evidence showing that (a) FDI inflows reduce the likelihood of privatization reversals, (b) worsened terms of trade increase …
Persistent link: https://www.econbiz.de/10009537261
and less corruption when bureaucracies are large. -- Privatization ; bureaucracy ; economic reform ; Russia … reform failures the consequence of leviathan states that hinder private economic activity, or of weak states unable to … privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and …
Persistent link: https://www.econbiz.de/10003800902
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it...
Persistent link: https://www.econbiz.de/10011571943
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The...
Persistent link: https://www.econbiz.de/10012457662
There are two ways to eliminate this distortion toward successful fiscal restoration. One of them is to make the monetary authority more conservative than society in the sense that the price stability weight of monetary authority is higher than that of society. The other way of eliminating the...
Persistent link: https://www.econbiz.de/10012466308
from authoritarian rule and its supporting elite networks and fails to recognize the link between central government …
Persistent link: https://www.econbiz.de/10012373127
This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform … deregulation reform are relatively small due to the small size of the professional services in Germany. Policy reforms i) and ii …
Persistent link: https://www.econbiz.de/10011454000
explanations for why that is the case; many individuals will simply not know how they will fare under trade reform, and this can … reduce support for a reform which would have been otherwise popular, even in the absence of risk aversion. We show that …
Persistent link: https://www.econbiz.de/10012475768