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We analyze the effect of land reform legislation on labor market dynamics in the Romanian economy. We show that the agricultural sector, a source of precarious employment, has become an absorbing state for certain categories of workers who lost their jobs in the nonagricultural sector. A random...
Persistent link: https://www.econbiz.de/10011415572
In this document, we consider the effects of a land reform on economic and demographic growth by a family-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to escaping the Malthusian trap with high fertility and low...
Persistent link: https://www.econbiz.de/10010337427
China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make … in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of …
Persistent link: https://www.econbiz.de/10003464109
While China shared many systemic, initial conditions with the transition economies of Central-East Europe (CEE) and the … CEE and CIS countries. Unlike most of the CEE and CIS economies, China adopted a strategy of gradual economic … transformation that maintained the existing system and created new economic activities on top of it. This enabled China to avoid the …
Persistent link: https://www.econbiz.de/10003594444
, especially those related to having an open capital account, do not loom large in the case of China. In the process of securing …, especially those related to having an open capital account, do not loom large in the case of China. In the process of securing …
Persistent link: https://www.econbiz.de/10003539352
China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …
Persistent link: https://www.econbiz.de/10014279871
We study the role of social learning in the diffusion of cash crops in a resettled village economy in northeastern Brazil. We combine detailed geo-coded data on farming plots with dyadic data on social ties among settlers, and we leverage natural exogenous variation in network formation induced...
Persistent link: https://www.econbiz.de/10012431296
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10010398778
We develop a theory of endogenous regimes transitions (with a focus on democratic consolidation), which emphasizes the role of political culture and of its interaction with political institutions. Political culture reflects the extent of individual commitment across citizens to defend democracy...
Persistent link: https://www.econbiz.de/10009755330
How do economic policies and institutions affect job reallocation processes and their consequences for productivity growth? This paper studies the extreme case of economic system change and alternative transitional policies in the former Soviet Republics of Russia and Ukraine. Exploiting annual...
Persistent link: https://www.econbiz.de/10011415087