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Productivity Effects of Tve Privatization : The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

Sonobe, Tetsushi; Ōtsuka, Keijirō - 2021

allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study …While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly … and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …

Persistent link: https://www.econbiz.de/10013233007

Grasp the Large, Let Go of the Small : The Transformation of the State Sector in China

Hsieh, Chang-tai - 2015

productivity; (ii) the labor productivity of state-owned firms converged to that of private firms; (iii) the capital productivity … of state-owned firms remained significantly lower than that of private firms; and (iv) total factor productivity (TFP …

Persistent link: https://www.econbiz.de/10013026794

The Bail-In Problem : Systematic Goals, Ad Hoc Means

Eichengreen, Barry; Rühl, Christof - 2021

, Ecuador, Romania and Ukraine. We show that because default and restructuring are so painful and costly, it is simply not time …

Persistent link: https://www.econbiz.de/10013225811

Property Rights and Finance

Johnson, Simon; McMillan, John; Woodruff, Christopher - 2021

Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....

Persistent link: https://www.econbiz.de/10013213059

"Social Security Privatization : A Structure for Analysis"

Mitchell, Olivia S.; Zeldes, Stephen P. - 2022

This paper identifies the key economic issues that must be addressed in the debate over a privatized social security system. We examine a two-pillar plan. The first pillar would consist of a demogrant: a small indexed pension of the same dollar amount for all retirees who had contributed to the...

Persistent link: https://www.econbiz.de/10014085931

Public Contracting for Private Innovation : Government Expertise, Decision Rights, and Performance Outcomes

Bruce, Joshua R. - 2018

We examine how the U.S. Federal Government governs R&D contracts with private-sector firms. The government chooses between two contractual forms: grants and cooperative agreements. The latter provides the government substantially greater discretion over, and monitoring of, project progress....

Persistent link: https://www.econbiz.de/10012916603

Do Private Prisons Affect Criminal Sentencing?

Dippel, Christian - 2019

Using a newly constructed complete monthly panel of private and public state prisons, we ask whether private prisons impact judges' sentencing decisions in their state. We employ two identification strategies, a difference-in-difference strategy comparing court-pairs that straddle state-borders,...

Persistent link: https://www.econbiz.de/10012889061

A Renaissance Instrument to Support Nonprofits : The Sale of Private Chapels in Florentine Churches

Nelson, Jonathan K.; Zeckhauser, Richard - 2021

Catholic churches in Renaissance Florence supported themselves overwhelmingly from the contributions of wealthy citizens. The sale of private chapels within churches to individuals was a significant source of church funds, and facilitated a church construction boom. Chapel sales offered three...

Persistent link: https://www.econbiz.de/10013218302

Privatization of Social Security : How it Works and Why it Matters

Kotlikoff, Laurence J. - 2021

effects of privatizing social security, and a simple privatization proposal, the Personal Security System, to discuss other … issues associated with privatization. According to the AK Model, privatizing social security can create major long … compensated for losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, linkage …

Persistent link: https://www.econbiz.de/10013218318

The Economics of Prefunding Social Security and Medicare Benefits

Feldstein, Martin S.; Samwick, Andrew - 2021

This paper presents a detailed analysis of the economics of prefunding benefits for the aged, focusing on Social Security but indicating some of the analogous magnitudes for prefunding Medicare Benefits. We use detailed Census and Social Security information to model the transition to a fully...

Persistent link: https://www.econbiz.de/10013219183