China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sectors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years. This paper...

In a federation as large and diverse as Russia, the policies of regional and local governments play a key role in determining economic outcomes. The state of intergovernmental and fiscal federalist relations directly affects the nature of these policies. Several existing studies highlight common...

In a federation as large and diverse as Russia, the policies of regional and local governments play a key role in determining economic outcomes. The state of intergovernmental and fiscal federalist relations directly affects the nature of these policies. Several existing studies highlight common...

Journal of Comparative Economics, March 1998. <p> We develop a theory for a transition economy under which an unbalanced development strategy that favors special economic zones emerges as a response to two critical problems: (1) political pressure to satisfy certain social expenditure requirements,...</p>

It is argued that the success of an economic transition program in the former U.S.S.R. depends primarily on the creation of "fiscal legality." The problem of creating fiscal legality is placed in the particular economic, political, and social context of the former Soviet Union. The primary...