Commonly employed global tests for separability between production and consumption decisions are theoretically inappropriate when the market failures creating non-separabilities differentially constrain some, but not all households. Simulated maximum likelihood estimates using Chinese panel data...

Over last three decades, Chinaa s economic success amazed the world. It can be traced back to the year 1978 when the Communist Party of China decided to pursue a a reform and opening upa policy. There are a lot of literature on the subject. However, the cultural aspect of China's economic...

Autocracies have diverse records of economic growth. This paper provides a theory of endogenous coalition formation to explain economic performance in autocracy. The nature of the ruling coalition that the autocrat relies on to rule the society and extract rents affects the degree of...