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Over last three decades, Chinaa s economic success amazed the world. It can be traced back to the year 1978 when the Communist Party of China decided to pursue a a reform and opening upa policy. There are a lot of literature on the subject. However, the cultural aspect of China's economic...
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We propose a simple informational theory to explain why autocratic regimes introduce local elections. Because citizens have better information on local officials than the distant central government, delegation of authority via local elections improves selection and performance of local...
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