existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …

present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … both the risk of local capture and the scope of competition for rents. By contrast, transition in Russia has come with the …

conduct an empirical investigation of the impact of one key set of institutions, the capacity of the US state as proxied by … the way in which the US created an immensely capable and effective state …

-by-country analysis, however, reveals diversity in the substitutability estimates. The four North East countries %u2013 China, Hong Kong …

regulate the economy and to withstand the political and social challenges from non-state actors. I construct a model in which … the state apparatus is controlled by a self-interested ruler, who tries to divert resources for his own consumption, but … who can also invest in socially productive public goods. Both weak and strong states create distortions. When the state is …

inefficiently high taxes, high compensation for state officials, and low welfare …