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Showing papers in "Journal of Comparative Economics in 2002"


Journal ArticleDOI
TL;DR: The authors empirically assesses two theories of why legal origin influences financial development, i.e., political and adaptation, and concludes that legal systems that adapt quic kly to minimize the gap between the contracting needs of the economy and the legal system's capabilities will foster financial development more effectively than would more rigid legal traditions.

929 citations


Journal ArticleDOI
TL;DR: Wang et al. as mentioned in this paper analyzed the determinants of return migration and the economic behavior of return migrants and found that return migrants invest significantly more in productive farm assets but are no more likely to engage in local non-farm activities than are nonmigrants and migrants.

342 citations


Journal ArticleDOI
TL;DR: For example, the authors found that migration has become the most prevalent off-farm activity, has become dominated by young and better educated workers, has expanded most rapidly in areas that are relatively well-off, and has begun to draw workers from portions of the population such as women, that earlier had been excluded from participation.

261 citations


Journal ArticleDOI
TL;DR: In this paper, a recent farm survey showed that households with active participation in off-farm labor markets, measured by the number of days worked, have indeed rented less land, and the analysis fails to substantiate the hypotheses that administrative land reallocations, which is a property of China's land tenure system and respectively grain quotas, tend to hamper the development of land rental transactions.

260 citations


Journal ArticleDOI
TL;DR: In this article, the authors investigate empirically whether foreign direct investment generates externalities in the form of technology transfer, and they find that FDI has large and significant spillover effects in that it raises both the level and growth rate of productivity of manufacturing industries, and domestic sectors are the main beneficiaries.

245 citations


Journal ArticleDOI
TL;DR: This article showed that the impact of reform on growth is nonlinear in levels, with the first steps yielding greater benefits than subsequent reforms, and that the overall effect is sensitive to the choice of starting points in the transition.

168 citations


Journal ArticleDOI
TL;DR: This paper examined the determinants of U.S. and Japanese direct investment in China using the regional data set from 1991 to 1997 and found that the level of local GDP affects significantly the inflow of investment from both sources.

143 citations


Journal ArticleDOI
TL;DR: In this paper, Chen et al. studied aggregate economic growth in Taiwan and mainland China using the Cobb-Douglas production functions and found a constant labor exponent of about 0.7, assuming constant returns; a constant rate of increase in total factor productivity (TFP), and a smaller exponential rate of growth of real GDP.

117 citations


Journal ArticleDOI
TL;DR: The authors examined the political economy of privatization and liberalization in the telecommunications sector in recent decades and found that countries with stronger pro-reform interest groups, namely the financial services sector and the urban consumers, are more likely to reform in more democratic countries.

93 citations


Journal ArticleDOI
TL;DR: In this article, the authors employed the Russian Longitudinal Monitoring Survey, a nationwide panel, to inquire into the magnitude, determinants, and consequences of occupational mobility in Russia from 1985 to 1998.

87 citations


Journal ArticleDOI
TL;DR: In this paper, a new dataset on firms privatized in the Czech Republic from 1993 to 1996 was used to show that, even after controlling for size and structure, voucher-privatized joint stock companies perform worse than firms with concentrated shareholdings that had to be purchased for cash.

Journal ArticleDOI
TL;DR: In this paper, the authors explored the effect of changing ownership on the wage distribution, focusing on how wage differentials between state-owned and privatized enterprises have evolved over the course of the transition.

Journal ArticleDOI
TL;DR: In this article, the effects of past linkages on trade flows in the former Soviet Union (FSU) are studied using a gravity equation, estimated from trade flows among and between 9 Russian regions and 14 FSU republics from 1987 to 1996.

Journal ArticleDOI
TL;DR: In this article, the second-best commitment mechanism is used to restrain a government agency from the rent-seeking activity and may even offer the manager assistance in the form of tax breaks and subsidies.

Journal ArticleDOI
TL;DR: In this paper, the authors used comprehensive panel data on privatization transactions and labor productivity in Romanian industrial corporations to describe the postprivatization ownership structure and to estimate the effect of diverse privatization policies on firm performance.

Journal ArticleDOI
TL;DR: In this paper, data envelopment analysis techniques are used to calculate and decompose cost efficiency for the Costa Rican coffee processing sector, and an unbalanced panel of 16 investor-owned firms and 28 cooperative firms covering the period from 1988-1989 to 1992-1993 is constructed.

Journal ArticleDOI
TL;DR: In this paper, the authors analyzed annual census data from 1985 to 1999 for old Russian manufacturing firms to calculate the magnitude, covariates, and productivity consequences of gross job flows before and after reforms.

Journal ArticleDOI
TL;DR: In this paper, the authors examine the implications of imposing central control on the budgetary activities of a subnational government in a multi-task principal-agent model, where the center cannot monitor directly the informal budgetary operations of a region, but it can exert control over a formal regional budget and impose limited costs on informal behavior.

Journal ArticleDOI
TL;DR: In this article, the authors analyze the informational relationship as well as governance relationships between venture capitalists and a cluster of entrepreneurial firms in the Silicon Valley model and evaluate the applicability of the model to other localities and industries.

Journal ArticleDOI
TL;DR: In this paper, the authors examined whether gender discrimination is an important factor determining the gap in wages between men and women and the extent to which gender discrimination affects wage inequality in Bulgaria.

Journal ArticleDOI
TL;DR: The authors examined the determinants of employee share ownership in newly privatized township and village enterprises (TVEs) in Shandong and Jiangsu and found that expected financial returns, job security, risk preference, and family wealth are important determinants for employee share holdings.

Journal ArticleDOI
TL;DR: In this article, the authors examined how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with that in the United States, using a vector error correction model.

Journal ArticleDOI
TL;DR: In this article, the authors explore the effects of differences in labor market institutions and the degree of market liberalization on the size and composition of gender wages gaps in China's urban labor markets.

Journal ArticleDOI
TL;DR: Using urban household-level survey data from 1992 to 1998, this paper provided estimates of final demand for edible vegetable oils and animal fats in three regions of China based on an incomplete demand system.

Journal ArticleDOI
TL;DR: In this article, the authors explore household savings decision in Bulgaria, Hungary, and Poland during the transition from plan to market, finding four main results: except for the age profile, the effects of standard determinants on savings are comparable for transition and market economies.

Journal ArticleDOI
TL;DR: In this paper, the authors examined household data from the Central Asian successor states to the Soviet Union to analyze how living standards are determined in newly established market economies and found that three variables, namely location, children, and university education, are consistently significant across all four countries studied and play the largest role in determining household expenditure.

Journal ArticleDOI
TL;DR: In this article, the authors incorporate the interaction of economic and political factors into the emigration decision and test it with data from Hong Kong during its transition from British rule to a new regime under China.

Journal ArticleDOI
TL;DR: Wang et al. as discussed by the authors report the impacts of share ownership on employee attitudes in China's privatized rural industries based on a survey administered in the Provinces of Jiangsu and Shandong.

Journal ArticleDOI
TL;DR: In the second decade of market reform, rural cadre and entrepreneur households enjoy large net income advantages of roughly equal magnitude as mentioned in this paper, and these cross-sectional findings about income determination are reinforced by an event-history analysis of occupational shifts.

Journal ArticleDOI
TL;DR: In this paper, the authors used new survey data for a panel of Polish firms to study employment and wage adjustment in state-owned enterprises, and insider- and outsider-controlled privatized firms.