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Russia and the Soviet Union then and Now

Fischer, Stanley - 2021

The main focus of this paper is on the process and progress of economic reform in Russia. But I start with four historical questions that bear on the current situation. How advanced was Russia in 1913? What relevance, if any, does the New Economic Policy of the 19205, or NEP, have for the...

Persistent link: https://www.econbiz.de/10013215354

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

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

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

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

The Value of Making Commitments Externally : Evidence from WTO Accessions

Tang, Man-Keung - 2010

This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted...

Persistent link: https://www.econbiz.de/10012758061

The Euro and Structural Reforms

Alesina, Alberto F. - 2010

This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...

Persistent link: https://www.econbiz.de/10012758159

Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s

Davis, Steven J. - 2010

Following a severe contraction in the early 1990s, the Swedish economy accumulated a strong record of output growth coupled with a disappointing performance in the labor market. As of 2005, hours worked per person 20-64 years of age are 10.5 percent below the 1990 peak and a mere one percent...

Persistent link: https://www.econbiz.de/10012760495

Bank Chartering and Political Corruption in Antebellum New York : Free Banking as Reform

Bodenhorn, Howard - 2010

One traditional and oft-repeated explanation of the political impetus behind free banking connects the rise of Jacksonian populism and a rejection of the privileges associated with corporate chartering. A second views free banking as an ill-informed inflationist, pro business response to the...

Persistent link: https://www.econbiz.de/10012762635

Initial Public Offering and Corporate Governance in China's Transitional Economy

Chen, Chien-Hsun - 2010

This paper empirically investigates the performance of Chinese initial public offerings (IPOs). The data used covers the period from mid-1995 to mid-1999 with the sample including 884 companies (both in the A- and B-share markets). In an examination of growth, profitability and stability of...

Persistent link: https://www.econbiz.de/10012762840