This paper studies the institutions for exercise of property rights in forestry, fisheries, and mining in Siberia and the Russian Far East, linking current arrangements with the administrative structures of the command era. It describes production, income, and structural change in Asian Russia...

This paper takes on the apparent paradox of India’s combination of durable democracy, capable bureaucracy, but a deficient development trajectory. It begins by outlining the nature of the problem. Then it summarizes and compares some significant approaches to drawing connections from...

We employ the “social conditions of innovative enterprise” framework to analyze the key determinants of China’s development path from the economic reforms of 1978 to the present. First, we focus on how government investments in human capabilities and physical infrastructure provided...

This article evaluates banking regulation and capital markets development in Vietnam from more parochial perspective. The analysis focuses on Vietnam?s needs at this stage of her economic development and explores how financial sector reforms could be best tailored to meet those needs

This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should increase aid effectiveness, since local decision-makers are better informed about local needs. At the same...

Recent projections estimate that the state and local budget shortfall caused by COVID-19 will exceed $950 billion. Congressional Democrats have championed a bill containing almost $1 trillion in aid, but Republicans have resisted what they say is a bailout for some states' longrunning fiscal...

This paper explores the constitutional political economy and history of economic liberalization in China, with the aim of understanding how and why the policies that produced that growth came to be adopted. The paper argues that constitutional reforms played important roles in China's economic...