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Privatization and Nationalization Cycles
Chang, Roberto - 2010
This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10013141855
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China's Land Market Auctions : Evidence of Corruption
Cai, Hongbin - 2010
This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state. Leasehold use rights for land for (re)development are sold by city governments and are a key source of city revenue. Leasehold sales are viewed as a major venue for corruption,...
Persistent link: https://www.econbiz.de/10013152507
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Business Groups and the Big Push : Meiji Japan's Mass Privatization and Subsequent Growth
Nakamura, Masao - 2013
feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an …
Persistent link: https://www.econbiz.de/10012753906
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Who Should Own and Control Urban Water Systems? Historical Evidence from England and Wales
Beach, Brian - 2016
Nearly 40% of England's privately built waterworks were municipalised in the late 19th century. We examine how this affected public health by pairing annual mortality data for over 600 registration districts, spanning 1869 to 1910, with detailed waterworks information. Identification is aided by...
Persistent link: https://www.econbiz.de/10012984124
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Coups, Corporations, and Classified Information
Dube, Arindrajit - 2011
We estimate the impact of coups and top-secret coup authorizations on asset prices of partially nationalized multinational companies that stood to benefit from US-backed coups. Stock returns of highly exposed firms reacted to coup authorizations classified as top-secret. The average cumulative...
Persistent link: https://www.econbiz.de/10013127017
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Property Rights, Land Misallocation and Agricultural Efficiency in China
Chari, A.V. - 2017
This paper examines the impact of a property rights reform in rural China that allowed farmers to lease out their land. We find the reform led to increases in land rental activity in rural households. Consistent with a model of transaction costs in land markets, our results indicate that the...
Persistent link: https://www.econbiz.de/10012941473
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The Cost of Property Rights : Establishing Institutions on the Philippine Frontier Under American Rule, 1898-1918
Maurer, Noel - 2010
We examine three reforms to property rights introduced by the United States in the Philippines in the early 20th century: the redistribution of large estates to their tenants, the creation of a system of secure land titles, and a homestead program to encourage cultivation of public lands. During...
Persistent link: https://www.econbiz.de/10012758433
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Land Reform and Productivity : A Quantitative Analysis with Micro Data
Adamopoulos, Tasso - 2020
We assess the effects of a major land policy change on farm size and agricultural productivity using a quantitative model and micro-level data. We study the 1988 land reform in the Philippines that imposed a ceiling on land holdings, redistributed above-ceiling lands to landless and smallholder...
Persistent link: https://www.econbiz.de/10012849405
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Land Reform and Sex Selection in China
Almond, Douglas - 2013
Following the death of Mao in 1976, agrarian decision-making shifted from the collective to individual households, unleashing rapid growth in farm output and unprecedented reductions in poverty. In new data on reform timing in 914 counties, we find an immediate trend break in the fraction of...
Persistent link: https://www.econbiz.de/10013080201
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School, What is it Good for? Useful Human Capital and the History of Public Education in Central Europe
Cvrcek, Tomas - 2013
The rise of education has featured prominently in the debate on the sources of modern long-term economic growth. Existing accounts stress the positive role of public education and the importance of political support for its provision. We argue that such an explanation for the spread of schooling...
Persistent link: https://www.econbiz.de/10013071912