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Why Doesn't Capitalism Flow to Poor Countries?
Di Tella, Rafael - 2014
corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism …
Persistent link: https://www.econbiz.de/10012751901
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Democracy and Development : The Devil in the Details
Persson, Torsten; Tabellini, Guido - 2021
Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends %u2013 in a subtle way %u2013 on the details of...
Persistent link: https://www.econbiz.de/10013234089
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From Centrally-Planned to Market Economies : The Road from Cpe to Pcpe
Calvo, Guillermo A. - 2010
This paper deals with the early stages of transformation of centrally-planned economies (CBEs) into market economies during which expectations playa key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this...
Persistent link: https://www.econbiz.de/10013139423
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Macroeconomic Planning and Disequilibrium : Estimates for Poland, 1955-1980
Portes, Richard; Quandt, Richard; Winter, David; Yeo, … - 2021
This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy(CPE).The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets...
Persistent link: https://www.econbiz.de/10013237042
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Planning and Market Structure
Carlton, Dennis W. - 2021
This paper examines a model in which demand is uncertain and production must occur before demand is known for sure. By investing resources in information gathering activity, demand can be forecast. The paper investigates the relationship between the incentive to plan and market structure and...
Persistent link: https://www.econbiz.de/10013244768
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Left, Right, Left : Income, Learning and Political Dynamics
Morrow, John - 2013
The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...
Persistent link: https://www.econbiz.de/10013074913
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State Versus Private Ownership
Shleifer, Andrei - 2021
costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …
Persistent link: https://www.econbiz.de/10013239155
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Pervasive Shortages Under Socialism
Shleifer, Andrei; Vishny, Robert W. - 2021
We present a new theory of pervasive shortages under socialism, based on the assumption that the planners are self … suggests that market socialism is bound to fail even without computational complexities facing the planners …
Persistent link: https://www.econbiz.de/10013228630
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War, Socialism and the Rise of Fascism : An Empirical Exploration
Acemoglu, Daron; De Feo, Giuseppe; De Luca, Giacomo; … - 2022
The recent ascent of right-wing populist movements in many countries has rekindled interest in understanding the causes of the rise of Fascism in inter-war years. In this paper, we argue that there was a strong link between the surge of support for the Socialist Party after World War I (WWI) and...
Persistent link: https://www.econbiz.de/10013292686
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Econometrics and the Design of Economic Reform
Bruno, Michael - 2010
The concept of Economic Reform is described as a planned shift from one, Pareto inefficient, but quasi-stable, equilibrium (or 'trap') to a new Pareto superior equilibrium which is, or is designed to become, stable too. The concept is applied to recent 'shock' stabilization programs, with...
Persistent link: https://www.econbiz.de/10013135342