Chen et al. (2020) claim to have found a positive causal effect of the send-down movement on rural education during China’s Cultural Revolution. The paper also infers that the movement made the contribution of human capital accumulation in rural areas to China's subsequent economic growth in...

According to the author, it is very important for a transitional economy to develop rules of the game that ensure fair competition. It is his thesis that enforcement of fair competition is a remedy to some market failures. After reviewing regulatory instruments that enforce fair competition in...