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China's economic reforms over the past 40 years have led to a mixed economic structure with the government playing a …
Persistent link: https://www.econbiz.de/10012907444
China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic …
Persistent link: https://www.econbiz.de/10013062078
The main focus of this paper is on the process and progress of economic reform in Russia. But I start with four …'s approach to reform is similar to that in several East European countries. It differs in having started with a major price …
Persistent link: https://www.econbiz.de/10013215354
Critical transitions for a country are historical periods when the powerful organizations in a country shift from one set of beliefs about how institutions (the formal and informal rules of the game) will affect outcomes to a new set of beliefs. Critical transitions can lead a country toward...
Persistent link: https://www.econbiz.de/10012994897
In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...
Persistent link: https://www.econbiz.de/10012757998
Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples are: (i) the secular decline in fertility between 1800 and 1980, (ii) the decline in agricultural employment and the rise in skill since 1800, (iii) the demise of child labor...
Persistent link: https://www.econbiz.de/10013225588
We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and cities as...
Persistent link: https://www.econbiz.de/10013142282
As China transforms from a socialist planned economy to a market-oriented economy, its returns to education are … for education: the China Compulsory Education Law of 1986. We use differences among provinces in the dates of effective … implementation of the compulsory education law to show that the law raised overall educational attainment in China by about 0.8 years …
Persistent link: https://www.econbiz.de/10013104400
capture, and then protect, these rents leads to the creation of new distortions, even as the reform process tries to move … forward. In this paper I illustrate this idea with a study of the People's Republic of China. Under the plan, prices were … governments throughout the economy sought to capture these rents by developing high margin industries. Continued reform, and …
Persistent link: https://www.econbiz.de/10013147214
. This evidence suggests that intangible capital formation may play an important role in China's reform-driven transformation … no general assessment of its role in China's rapid economic growth. This paper seeks to fill this gap by estimating how … China's recent growth is then assessed using a growth accounting framework, and the results compared to similar findings for …
Persistent link: https://www.econbiz.de/10013065397