I present a unified theoretical framework that attributes output collapse to price liberalization and decentralization of the formerly integrated monopolistic industrial structure in the former Soviet bloc, and output expansion in China to marginal marketization and intramarginal regulation. In...

Modernization of agriculture has yet to occur in major regions of India. Many see equity-oriented policies by government and cooperative organizations among cultivators as the best if not only solution. Such a strategy represents an implausible departure from the historical process of...

We study the nature of appropriate domestic R\&D policy in an imperfectly competitive world, where both the R\&D rivalry among firms and the presence of technological spillovers from a superior foreign technology play a crucial role.There are two firms (a foreign and a domestic firm) that are...

The effectiveness of China's incremental industrial reform between 1980--89 is empirically investigated using a panel data set of 769 state enterprises from 36 2--digit industries. I derive and apply a method that measures marginal products of factors, changes in total factor productivity (TFP),...