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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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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
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Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007 : a logistic smooth transition regression (LSTR) approach
Aizenman, Joshua - 2009
This paper applies a logistic smooth transition regression approach to the estimation of a homogenous aggregate value added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition associated with the economic reforms in China is...
Persistent link: https://www.econbiz.de/10012463377
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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
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The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China
Young, Alwyn - 2000
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
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Industry Evolution and Transition : A Neoclassical Benchmark
Atkeson, Andrew - 1997
Recently, a large number of countries have undertaken major reforms that have led to a large increase in the number of new enterprises. After these reforms, however, it has taken a number of years before output and productivity have begun to grow. The thesis of this paper is that the process of...
Persistent link: https://www.econbiz.de/10012472813
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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
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The Shape of Twentieth Century Economic History
DeLong, J. Bradford - 2000
The history of the twentieth century can be summarized excessively briefly in five propositions: First, that the history of the twentieth century was overwhelmingly economic history. Second, that the twentieth century saw the material wealth of humankind explode beyond all previous imagining....
Persistent link: https://www.econbiz.de/10012471206
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History as Evolution
Nunn, Nathan - 2020
In this chapter, I consider the benefits of viewing history through an evolutionary lens. In recent decades, a field of research has emerged, which builds on foundations from biological evolution to study culture within an evolutionary framework. I begin the chapter by discussing the theory...
Persistent link: https://www.econbiz.de/10012481254
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Historical Macroeconomics and American Macroeconomic History
Calomiris, Charles W. - 1994
What can macroeconomic history offer macroeconomic theorists and macroeconometricians? Macroeconomic history offers more than longer time series or special `controlled experiments.' It suggests an historical definition of the economy, which has implications for macroeconometric methods. The...
Persistent link: https://www.econbiz.de/10012473969