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While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014156715
added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …
Persistent link: https://www.econbiz.de/10013151136
that the only industries in which listed companies in China display strong performance are public utilities, transportation …
Persistent link: https://www.econbiz.de/10012762840
forward. In this paper I illustrate this idea with a study of the People's Republic of China. Under the plan, prices were …
Persistent link: https://www.econbiz.de/10013147214
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
Recently, a large number of countries have undertaken major reforms that have led to a large increase in the number of new enterprises. After these reforms, however, it has taken a number of years before output and productivity have begun to grow. The thesis of this paper is that the process of...
Persistent link: https://www.econbiz.de/10013313235
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
best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude … gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …
Persistent link: https://www.econbiz.de/10013135399
that China sells, rather than goods that China buys. I assess evidence from recent literature on these arguments and …
Persistent link: https://www.econbiz.de/10013137012
The relative performance of China and India is compared using two different methods and they provide a very different … goods and services and of gross fixed capital formation. Using a two tailed- test we find that China does better than India … for most of these indicators. For instance, China has a higher growth rate of per capita income, XGS and GFCF as also a …
Persistent link: https://www.econbiz.de/10013082432