The paper identifies the absence of well-functioning product markets in transition economies as a sufficient initial condition under which big bang, a radical reform, reduces output initially, while a Chinese-style reform increases output. Under central planning, the state integrates...

Using a comprehensive country-level panel data set covering the period from 1990 to 2001, we investigate the impact of privatization and competition in the telecommunications sector around the world. Full privatization, which gave private owners control rights, contributed substantially to...

Using a comprehensive country-level panel data set covering the period from 1981 to 1998, we examine the impact of privatization and competition in the telecommunications sector around the world. Privatization contributed substantially to labor shedding, output growth, network expansion, and...

The Great Leap Forward disaster, characterized by a collapse in grain production and a widespread famine in China between 1959 and 1961, is found attributable to a systemic failure in central planning. Wishfully expecting a great leap in agricultural productivity from collectivization, the...

We investigate the determinants of regulatory reforms between 1990 and 1998 in 50 developing countries. We find that the reforms are attributable to differences in the configurations of interest groups and in the political structure - in particular, the decision-making mechanisms and the...

Blockchain-based traceability systems of agricultural product supply chains (APSCs) can operate more efficiently and accurately to increase food safety, yet little literature considered that traceability information could still be falsified before stored in the blockchain. Therefore, based on...

Although it had a a lower income level than India in 1980, China's 2006 per capita gross domestic product stands more than twice that of India's. This paper investigates the role of the business environment in explaining China's productivity advantage using recent firm-level survey data. The...

This study adopts an internet-based experiment to investigate whether and how individual donors use nonprofit organizations' financial and nonfinancial information when making their donation decisions. Using undergraduate students in the United States (U.S.) to proxy for individual donors, our...

Purpose Although the published studies have noted that ambidextrous marketing capabilities (AMCs) could improve firm performance, they seem to ignore the differences between mature corporations and new ventures (NVs). Generally, it is impossible for NVs to simultaneously possess two types of...