One legacy of the Soviet-type economy is the highly inefficient, and sometimes value-destroying, structure of factor use and economic interaction [Hughes and Hare (1994)]. This structure was sustainable only by virtue of distorted prices, hiding true costs, and by the force of command that...

Part 1: Microeconomic Environment -- Chapter 1: The Roles and Responsibilities of Local Government -- Chapter 2: Finance, Taxation and Government Behavior -- Chapter 3: Government Investment, Financing and Debt -- Chapter 4: Government and Industrialization -- Part 2: Macroeconomic Consequences...