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Tornell, Aaron - 1998

to limit the power of their political opponents. The second point is that groups with common access' to the economy …'s resources find it individually rational to overappropriate resources. As a result the economy deteriorates. When the economy …

Persistent link: https://www.econbiz.de/10012472305

Initial Public Offering and Corporate Governance in China's Transitional Economy

Hsun, Chen-Chien - 2003

This paper empirically investigates the performance of Chinese initial public offerings (IPOs). The data used covers the period from mid-1995 to mid-1999 with the sample including 884 companies (both in the A- and B-share markets). In an examination of growth, profitability and stability of...

Persistent link: https://www.econbiz.de/10012469125

Institutions vs. Policies : A Tale of Two Islands

Henry, Peter Blair - 2008

Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...

Persistent link: https://www.econbiz.de/10012464043

The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?

Aizenman, Joshua - 2014

This paper looks at the short history of the Eurozone through the lens of an evolutionary approach to forming new institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro to achieve a number of design objectives, and this...

Persistent link: https://www.econbiz.de/10012458424

Political Economy in a Changing World

Acemoglu, Daron - 2013

We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...

Persistent link: https://www.econbiz.de/10012459504

Trapped in the Trilemma : When Security Trumps Economics

Bordo, Michael D.; James, Harold - National Bureau of Economic Research - 2022

economy trilemma between capital mobility, democracy and sovereignty; 4. The Financial stability trilemma between capital …

Persistent link: https://www.econbiz.de/10013388862

The Transition Economies After Ten Years

Fischer, Stanley - 2000

While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...

Persistent link: https://www.econbiz.de/10012471103

China's Macroeconomic Development : The Role of Gradualist Reforms

Chen, Kaiji; Zha, Tao - National Bureau of Economic Research - 2023

This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high saving rates, the housing boom, an expanding current...

Persistent link: https://www.econbiz.de/10014322782

The Economy of Israel

Fischer, Stanley - 1983

The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …

Persistent link: https://www.econbiz.de/10012477909

AI and the Economy

Furman, Jason - 2018

We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …

Persistent link: https://www.econbiz.de/10012453031

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