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In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...
Persistent link: https://www.econbiz.de/10012470915
, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role …
Persistent link: https://www.econbiz.de/10012472294
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The...
Persistent link: https://www.econbiz.de/10012457662
Employing a technological solution to monitor the attendance of public-sector health care workers in India resulted in …
Persistent link: https://www.econbiz.de/10012458186
This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of … compare changes in performance since the reforms, which started in China in 1979 and in India in 1991. Such a comparison shows … in making progress towards the Millennium Development Goals (MDGs) and India lags behind other South Asian countries. The …
Persistent link: https://www.econbiz.de/10012459638
The relative performance of China and India is compared using two different methods and they provide a very different …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 higher share of XGS, GFCF etc in GDP than does India …
Persistent link: https://www.econbiz.de/10012459656
We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP … slated for definite privatization by the BJP dropped by 3.5 percent relative to private firms. Surprisingly, government …-controlled companies that were only under study for possible privatization fell by 7.5 percent relative to private firms. We interpret this …
Persistent link: https://www.econbiz.de/10012465222
We study the wealth accumulation of Indian parliamentarians using public disclosures required of all candidates since 2003. Annual asset growth of winners is on average 3 to 6 percentage points higher than runners-up. By performing a within-constituency comparison where both runner-up and winner...
Persistent link: https://www.econbiz.de/10012460564
With minimal sleight of hand, it is possible to transform the recent growth experience of the People's Republic of China from the extraordinary into the mundane. Systematic understatement of inflation by enterprises accounts for 2.5% growth per annum in the non-agricultural economy during the...
Persistent link: https://www.econbiz.de/10012470887
Changes in both the macroeconomy and in macroeconomics suggest that the IS-LM-AS model is no longer the best baseline model of short-run fluctuations for teaching and policy analysis. This paper presents an alternative model that replaces the assumption that the central bank targets the money...
Persistent link: https://www.econbiz.de/10012471315