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of China. In this paper we estimate the effect of deep reform (the right to hire and fire labour, buy and sell capital …
Persistent link: https://www.econbiz.de/10013319170
This study looks at some non-conventional determinants of economic growth, with the help of the newly developed economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived from several sub-indices (trade freedom index, financial...
Persistent link: https://www.econbiz.de/10011448023
Persistent link: https://www.econbiz.de/10003288743
In this paper we use a transparent statistical methodology - synthetic control methods - to implement data-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth of countries that experienced a transition to...
Persistent link: https://www.econbiz.de/10003939967
This paper is the first attempt to directly explore the long-run nonlinearity of the shadow economy. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and GDP per capita. Our results imply that...
Persistent link: https://www.econbiz.de/10012022432
Persistent link: https://www.econbiz.de/10010213403
Persistent link: https://www.econbiz.de/10001227197
Monetization has been argued as the fifth feature in China's economic reform in addition to privatization … China. By constructing four causality relationships between interest rate and savings, money and inflation, interest rate … and a restoration in the functions of money since the late 1970s in China …
Persistent link: https://www.econbiz.de/10014110078
fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money … evidence of such a process in China between the late 1970s and early 1990s …
Persistent link: https://www.econbiz.de/10013011160
Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an...
Persistent link: https://www.econbiz.de/10003865933