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An economic model of how a Marxist state should work
Persistent link: https://www.econbiz.de/10015253187
This article examines the relationship between nomenklatura membership, wealth accumulation and political ties across the post-Soviet region from the 1990s up to the mid-2010s. It introduces the Post-Soviet Oligarchs (PSO) dataset, containing the sociodemographic characteristics of the...
Persistent link: https://www.econbiz.de/10015213366
We examine the institutional development of a set of transition economies since the dissolution of the USSR, with a particular focus on the effect of natural resource dependency, EU accession and institutional experience. In a cross-sectional analysis these factors show a significant association...
Persistent link: https://www.econbiz.de/10015260673
The formal differentiation of (i) pain incentives from ordinary rewards, (ii) of effortful from careful production and (iii) of diligent from slothful workers under labour market imperfect competition ultimately suggests that the optimal menu of contracts associates inducements to production...
Persistent link: https://www.econbiz.de/10015250270
need to be answered before the privatization process in Serbia (and Yugoslavia) begins. Among them, the speed and … comprehensiveness of the process are highlighted, especially since the privatization of the whole economy is advocated. In this regard …, the first thing to point out is the ambiguities in the definition of the term privatization, which can be understood as …
Persistent link: https://www.econbiz.de/10015325788
early 1990’. In the absence of an adequate outline for de-monopolization and privatization of the economy, the …
Persistent link: https://www.econbiz.de/10015226330
Recent literature on military expenditures in the economic system has pointed out in recent years that China's role as … not only economic but also military power, is becoming increasingly important, leading to China's emergence as a world … military power capable of undermining the United States supremacy. The analysis undertaken tests the hypothesis that, in China …
Persistent link: https://www.econbiz.de/10015228290
. China is struggling to adapt to a “new normal.” Here, I examine the mechanism of why China is faced with these problems and … some potential future paths of the Chinese economy. China does not have a socialist, socialist market, or market … of a state-driven economy constructed in this paper indicates that it is highly likely that China will proceed along a …
Persistent link: https://www.econbiz.de/10015252939
The present study analyzes the economic Japanese performance according to Marxist political economy. In that sense, an estimation of the valorization process categories is made: profit rate, surplus rate, value capital composition and turnover speed. The Japanese economy is passing through a...
Persistent link: https://www.econbiz.de/10015240730
economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper … attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price … differentiated price control policies for materials and intermediates on the one hand and final products on the other hand in China …
Persistent link: https://www.econbiz.de/10015216538