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China’s population is set to age fast, owing to low fertility and rising life expectancy. With ongoing migration of the …
Persistent link: https://www.econbiz.de/10008542491
China's economic reforms have resulted in spectacular growth and poverty reduction. However, China's institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve the "China puzzle," this … paper analyzes China's institution—a regionally decentralized authoritarian system. The central government has control over …
Persistent link: https://www.econbiz.de/10009395422
The purpose of this work is the study of the institutional transformation problem in the Forest industry of Irkutsk province, determination of the most prospective ways of reforming of the Forest industry in the context of local institutional structure transformation, determination and...
Persistent link: https://www.econbiz.de/10014206573
This paper explores the impact of antiquity on capitalism through the finance-growth nexus. We define antiquity as the length of established statehood (i.e., state history) and agricultural years. We argue that extractive institutions and deeply entrenched interest groups may prevail in...
Persistent link: https://www.econbiz.de/10012214952
equilibrium in the early stage of China's development. The regionally decentralized authoritarian regime of China features lower …-level government officials competing for promotion to a higher level in the government by generating local economic growth, and calls … for high-powered incentives to elicit effort from the the officials. However, this is at odds with the generally low …
Persistent link: https://www.econbiz.de/10012144213
equilibrium in the early stage of China's development. The regionally decentralized authoritarian regime of China features lower …-level government officials competing for promotion to a higher level in the government by generating local economic growth, and calls … for high-powered incentives to elicit effort from the the officials. However, this is at odds with the generally low …
Persistent link: https://www.econbiz.de/10011907238
Does less inequality in wealth distribution imply better property rights protection? In this paper we show that this impact is non monotonous and is conditional on a) equilibrium type: conflict (rent-seeking) or peace, b) the reasons of changes in wealth distribution, and c) the size of the...
Persistent link: https://www.econbiz.de/10011098839
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10009665022
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10013065032
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10013065087