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Second-best economic policy for a divided government

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Efficiency losses from tax distortions vs. government control

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Efficiency Losses from Tax Distortions vs. Government Control

Bai, Chong-En; Gordon, Roger H.; Li, David D. - 1999

Why has the rapid privatization of firms in Eastern Europe and the former Soviet Union not brought dramatically higher … performance as expected? If private ownership were so clearly dominant, why has state control of enterprises been such a common … tax rates. For good reasons, privatization is normally associated with sharp drops in tax and nontax distortions. When …

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A Multi-Task Theory of the State Enterprise Reform

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During transition, maintaining employment and providing a social safety net to the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit...

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The proper scope of government : theory and an application to prisons

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