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Reluctant Entrepreneurs : Evidence from China's SOE Reform
Fang, Hanming; Li, Ming; Wu, Zenan; Zhang, Yapei - National Bureau of Economic Research - 2023
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of … high-skilled SOE employees were reluctantly unleashed into entrepreneurship. We also provide corroborating evidence for …
Persistent link: https://www.econbiz.de/10014372457
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Economics and Politics of Alternative Institutional Reforms
Caselli, Francesco - 2007
firms (entrepreneurship) and the average quality of management (meritocracy). Legal reform also reduces financial … constraints on entry, but in addition it facilitates transfers of control of incumbent firms, from untalented to talented managers … improve meritocracy at the expense of entrepreneurship. As a result, legal reform encounters less political opposition than …
Persistent link: https://www.econbiz.de/10012465823
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Plata y Plomo : How Higher Wages Expose Politicians to Criminal Violence
Pulejo, Massimo; Querubín Borrero, Pablo - National Bureau of Economic Research - 2023
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...
Persistent link: https://www.econbiz.de/10014337819
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Closing the Productivity Gap with the US : Causes and Consequences of the Productivity Program in Western Europe
Giorcelli, Michela - National Bureau of Economic Research - 2023
promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France …
Persistent link: https://www.econbiz.de/10014447280
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Three Myths about Federal Regulation
McLaughlin, Patrick A. - 2020
Despite evidence to the contrary, three common myths persist about federal regulations. The first myth is that many regulations concern the environment, but in fact only a small minority of regulations are environmental. The second myth is that most regulations contain quantitative estimates of...
Persistent link: https://www.econbiz.de/10012481816
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Government Distortion in Independently Owned Media : Evidence from U.S. Cold War News Coverage of Human Rights
Qian, Nancy - 2010
This paper investigates the extent to which strategic objectives of the U.S. government influenced news coverage during the Cold War. We establish two relationships: 1) strategic objectives of the U.S. government cause the State Department to under-report human rights violations of strategic...
Persistent link: https://www.econbiz.de/10012462913
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Equity Depletion from Government-Guaranteed Debt
Hall, Robert E. - 2008
Government guarantees of private debt deplete equity. The depletion is greatest during periods when the probability of a guarantee payoff is highest. In a setting otherwise subject to Modigliani-Miller neutrality, firms issue guaranteed debt up to the limit the government permits. Declines in...
Persistent link: https://www.econbiz.de/10012464068
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Current Account Deficits in Rich Countries
Blanchard, Olivier - 2007
Current account imbalances have steadily increased in rich countries over the last 20 years. While the U.S. current account deficit dominates the numbers and the news, other countries, especially within the Euro area, are also running large deficits. These deficits are different from the Latin...
Persistent link: https://www.econbiz.de/10012465731
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The Assignment of Property Rights on the Western Frontier : Lessons for Contemporary Environmental and Resource Policy
Libecap, Gary D. - 2006
In addressing environmental and natural resource problems, there is a move away from primary reliance upon centralized regulation toward assignment of property rights to mitigate the losses of open-access. I examine the assignment of private property rights during the 19th and early 20th...
Persistent link: https://www.econbiz.de/10012466063
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Markets Versus Governments : Political Economy of Mechanisms
Acemoglu, Daron - 2006
We study the optimal Mirrlees taxation problem in a dynamic economy with idiosyncratic (productivity or preference) shocks. In contrast to the standard approach, which implicitly assumes that the mechanism is operated by a benevolent planner with full commitment power, we assume that any...
Persistent link: https://www.econbiz.de/10012466444