This study surveys the literature examining the privatization of state-owned enterprises
(SOEs) We review the history of privatization, the theoretical and empirical evidence on the …

This paper reviews recent studies on the links between competition, innovation and
productivity growth in the long run. From a long-run perspective, one can see that gains from …

内容提要: 改革开放以后, 我国市场化进程进一步加快, 经过近十年的改革,
我国经济的市场化程度已经显著提高. 市场化改革对我国的经济发展带来了什么效应 …

Emerging economies are low-income, rapid-growth countries using economic liberalization
as their primary engine of growth. They fall into two groups: developing countries in Asia …

This paper provides an overview of the existing theoretical and empirical work on the
provision of incentives. It reviews the costs and benefits of many types of pay-for …

We assemble data on government ownership of banks around the world. The data show that
such ownership is large and pervasive, and higher in countries with low levels of per capita …

Private ownership should generally be preferred to public ownership when the incentives to
innovate and to contain costs must be strong. In essence, this is the case for capitalism over …

Why are many storefronts in Moscow empty, while street kiosks in front are full of goods? In
this Article, Professor Heller develops a theory of anticommons property to help explain the …

Motivated by recent research on the costs and benefits of political connection, we examine
the cost of equity capital of politically connected firms. Using propensity score matching …

In many countries, public sector institutions impose heavy burdens on economic life: heavy
and arbitrary taxes retard investment, regulations enrich corrupt bureaucrats, state firms …