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Geography, Economic Policy, and Regional Development in China

Demurger, Sylvie - 2002

Many studies of regional disparity in China have focused on the preferential policies received by the coastal provinces. We decomposed the location dummies in provincial growth regressions to obtain estimates of the effects of geography and policy on provincial growth rates in 1996-99. Their...

Persistent link: https://www.econbiz.de/10012469817

Calling All Issuers : The Market for Debt Monitoring

Chen, Huaizhi; Cohen, Lauren; Liu, Weiling - National Bureau of Economic Research - 2022

A substantial fraction of local governments refinance their long-term debt with significant delays - resulting in sizable losses. Using data from 2001 to 2018, we estimate that U.S. municipals lost over $31 billion from this delayed refinancing, whereas the entire U.S. corporate sector, facing...

Persistent link: https://www.econbiz.de/10012938759

Redistribution Policy : A European Model

Casella, Alessandra - 2002

Following the rationale for regional redistribution programs described in the official documents of the European Union, this paper studies a very simple multi-country model built around two regions: a core and a periphery. Technological spill-overs link firms' productivity in each of the two...

Persistent link: https://www.econbiz.de/10012469451

Reconstruction Aid, Public Infrastructure, and Economic Development : The Case of the Marshall Plan in Italy

Giorcelli, Michela; Bianchi, Nicola - National Bureau of Economic Research - 2021

The Marshall Plan (1948-1952) was the largest aid transfer in history. This paper estimates its effects on Italy's postwar economic development. It exploits differences between Italian provinces in the value of reconstruction grants they received. Provinces that could modernize more their...

Persistent link: https://www.econbiz.de/10012794565

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

Reform from Within

Tornell, Aaron - 1998

We present a model of endogenous institutional change that rationalizes reforms that have taken place in the context of economic crisis and drastic political change. Most of the reforms have been initiated by powerholders, even though they have ended worse off relative to the status quo. The...

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

Pre-colonial Ethnic Institutions and Contemporary African Development

Michalopoulos, Stelios - 2012

We investigate the role of deeply-rooted pre-colonial ethnic institutions in shaping comparative regional development within African countries. We combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary economic performance, as...

Persistent link: https://www.econbiz.de/10012460436

National Policy for Regional Development : Evidence from Appalachian Highways

Jaworski, Taylor - 2016

How effective are policies aimed at integrating isolated regions? We answer this question using the construction of a highway system in one of the poorest regions in the United States. With construction starting in 1965, the Appalachian Development Highway System (ADHS) ultimately consisted of...

Persistent link: https://www.econbiz.de/10012456601

Local Economic Development, Agglomeration Economies, and the Big Push : 100 Years of Evidence from the Tennessee Valley Authority

Kline, Patrick M. - 2013

We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...

Persistent link: https://www.econbiz.de/10012459368

Russia and the Soviet Union Then and Now

Fischer, Stanley - 1992

The main focus of this paper is on the process and progress of economic reform in Russia. But I start with four … historical questions that bear on the current situation. How advanced was Russia in 1913? What relevance, if any, does the New … 1970s and 1980s? What role did Gorbachev's policies play in bringing about the final collapse of the Soviet Union? Russia …

Persistent link: https://www.econbiz.de/10012474902

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