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Publications (28)
– Recent Innovative Developments
Conventional wisdom recommends the superiority of private ownership of enterprises. The reality confronts it with a rich diversity in ownership and governance structures. This volume examines five types of unorthodox ownership and governance form emerging in the industrial sector across major...
WIDER Symposium on Adaptive Efficiency and Evolving Diversity of Enterprise Ownership and Governance
A property rights regime covers rights to use, lease, donate, bequest, and sell assets or collect the incomes generated by assets. A clear and transparent property rights regime facilitates investment and economic growth. While private property is considered by many to be the most superior type of...
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– The Economics of La Lega and Mondragón
This paper develops a theory of endogenous league formation and considers its implications for policy in developing countries. We generalize from features of the two most prominent European co-op leagues, Mondragón and La Lega, to develop the first formal model of the endogenous formation of co...
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– Evidence from East Asia
This paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-6. We find that mature and slow-growing firms with ownership structures more likely to...
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– Evidence for Italian Public Enterprises' Investment
This study examines the effect of the hardening of the budget constraint on the investment behaviour of Italian state owned enterprises (SOEs). It carries out a natural experiment that exploits the 1987 shift of budget regimes due to the pressure of European Union economic policies on the Italian...
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– The Case of Italian State-Owned Firms and the European Union
This paper contributes to the literature on the role of decentralization in hardening the budget constraint of public enterprises. Following Qian and Roland the study adopts a ‘federalist’ approach. However, it interprets federalism as the upward devolution of domestic economic policies to a...
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– A Rent Seeking Model of China’s Township-Village Enterprises
I present a study of ownership of firms under government rent seeking. Using its control of regulated inputs, a government agency extracts rents from a manager who undertakes an investment. Such a government rent seeking activity leads to a typical hold-up problem. Government ownership is shown to...
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This paper analyzes the ‘Silicon Valley model’ as a novel economic institution in the domain of technological product system innovation such as computers. We focus on the information structural relationship as well as governance relationships between venture capitalists and a cluster of...
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– Global Perspectives
We examine the role of institutional investors in financial markets and in corporate governance. In many countries, institutional investors have become the predominant players in financial markets and their influence worldwide is growing, chiefly due to the privatization and development of pension...
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– A Comparison of the United States, Japan, and Other East Asian Economies
We document that firms in eight East Asian countries and Japan diversify into more segments and engage into more related businesses―as measured by the degree of vertical relatedness and complementarity―than firms in the USA. Using data for the 1990-6 period, we observe a trend towards complementary...
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– Network Externalities and Mondragón and La Lega Co-Operative Networks
This paper examines strategies developed by Mondragón Co-operative Corporation in the Basque Region of Spain, and La Lega co-operative network in Italy, to mitigate disadvantages of the typical co-operative organizational structure and market position but without losing its critical advantages and...
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Increased equity participation by employees has attracted substantial interest for its potential to affect both economic outcomes (e.g., worker and firm performance) and social outcomes (e.g., wealth and income inequality). This paper summarizes the findings from over 50 large-sample empirical...
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In the 1990s, a new ownership form called ‘joint-stock co-operative’ (gufen hezuozhi) became widely adopted in China’s township and village enterprise sector. The promising dynamics and high adaptive ability of the new ownership form is in contradiction with the conclusions suggested by the existing...
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This paper defines a role for human rights and human rights workers in the discussion of humanitarian emergencies. The approach is to look at how human rights law, monitoring, and information can be useful in two ways: (1) to warn of an impending humanitarian emergency, and (2) as part of efforts to...
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– A comparative Analysis across Development Stages and Institutional and Technological Contexts
This paper establishes a theoretical framework for the ongoing research project of UNU/WIDBR on Property Rights Regimes, Microeconomic Incentives and Development. It identifies the major research interests, questions, and focuses. The theoretical emphasis is on the very relevance of concrete...
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– An Extended Framework for Understanding Primitive Socialist Accumulation
This paper re-examines the current debate on price scissors based on an extended framework, in which the production and trade of industrial consumer goods within the rural sector is incorporated. It confirms that in the economy considered by Preobrazhensky, consumer rationing, especially of...
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– An Econometric Investigation into the Sources of Humanitarian Emergencies
This paper uses econometric methods and case-study evidence to examine the political economy of complex humanitarian emergencies, multidimensional crises characterized by warfare, state violence, disease, hunger, and displacement. We emphasize that economic variables often become salient through...
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This paper explains correlations between humanitarian emergencies and political economies of 'failing states' in Liberia and Sierra Leone. In both, Cold War era rulers acquired personal power through their influence over economic exchange, irrespective of conventional public/private distinctions...
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– The Political Economy of Emergency in Haiti
Towards the Abyss? The Political Economy of Emergency in Haiti analyzes the various factors that have contributed to create a protracted humanitarian emergency situation in Haiti. The first section deals with the economic causes, the interplay between population growth, erosion and falling rural...
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– The Political Economy of Humanitarian Emergencies
This paper uses econometric methods and case-study evidence to examine the political economy of complex humanitarian emergencies, multidimensional crises characterized by warfare, disease, hunger, and displacement. We find that stagnation and decline in real GDP, high income inequality, inflation...
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This diagnostic study explores the political conditions that are associated with humanitarian emergencies. It employs a risk rather than cause-effect methodology. Humanitarian emergencies are not random events. They occur most frequently in states having the following characteristics: i) more than...
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– Lessons from El Salvador
This paper develops and tests five hypotheses regarding the economic causes of complex humanitarian emergencies (CHEs). We argue that: (1) such emergencies, involving large-scale deaths and population displacements, are most likely to occur when growth is slow, negative, or falls far short of...
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– A Case of a Humanitarian Emergency
The recent history of Zaire presents a unique opportunity to understand and explain humanitarian emergencies. This monograph follows an inductive approach in analysing the trajectory of state-building in Zaire as a significant explanatory variable of humanitarian emergencies. By tracing the sources...
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– Insights from the Interface of State, Democracy and Civil Society
This paper provides a beginning toward explaining why humanitarian emergencies have been so substantial in the post-cold war era, a period expected to be less violent. The humanitarian emergencies of the contemporary period tend to be state-centred, focus on identity claims, and occur in developing...
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– Indicators, Measurements, and Data Considerations
This Research in Progress report is divided into two parts. Part I studies the operationalization and indicators of the different elements of complex humanitarian emergencies. It includes discussions of what to try to measure when looking into the magnitude of emergencies and why, what data are...
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The Age of Humanitarian Emergencies makes an effort to define and operationalize a humanitarian emergency. After having discussed extensively definitions related to collective violence, especially genocide and civil war, the paper opts for a more comprehensive definition associated with the idea of...
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– Reflections from the Case of Rwanda
Rwanda's genocide is the end-result of a combination of processes, none of which can easily be priorized or separated from the others. These processes are: extreme pauperization and reduction of life chances for a majority of the poor, especially from 1985 onwards; the Front Patriotique Rwandais...
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– Réflections á partir du cas du Rwanda
Le génocide rwandais est le résultat final d'une combinaison de mécanismes dont aucun ne peut revendiquer être prioritaire ou indépendant des autres. Parmi ces mécanismes figurent une extrême pauvreté et la réduction des perspectives d'avenir pour la majorité de la population, tout particulièrement...
Displaying 28 of 28 results