Property Rights After Market Liberalization Reforms

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Property rights after market liberalization reforms

Author : Ricardo Fort
Publisher : BRILL
ISBN 13 : 9086866298
Total Pages : 113 pages
Book Rating : 4.0/5 (868 download)

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Book Synopsis Property rights after market liberalization reforms by : Ricardo Fort

Download or read book Property rights after market liberalization reforms written by Ricardo Fort and published by BRILL. This book was released on 2023-08-28 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book discusses the links between land access, property rights, and economic development, analyzing the results and limitations of a public intervention- Land Titling and Registration- that constitutes one of the main instruments for contemporary land policy in Peru. It attempts to provide a comprehensive analysis and discussion of the importance of institutions, like land property rights, in the context of market liberalization reforms. In operational terms, this means verifying whether land titling constitutes a necessary and/or sufficient condition to promote investments and increase land values. This book reveals that titling and registration can be considered as a necessary condition to improve investment opportunities when its implementation procedure is based on the recognition of previous informal land rights and community networks, because its effect on the reduction of transaction costs at a regional level improves the dynamics of land markets and facilitates the entrance of formal financial institutions. A decentralized program is more likely to understand and correctly assess local conditions, as well as to concentrate its work on poorer farmers confronting stronger limitations to acquire tenure security by other means. Targeting must be applied also at the regional level, identifying less-developed areas that can benefit from the externality effects provided by increased levels of titling density. The presence of other limitations that constrain the participation of small farmers in the formal credit market, and the inability of titling to solve them by itself, makes it difficult to consider this policy as a sufficient condition to improve the livelihood of poorer farmers. Complementary policies that provide small farmers with the opportunity to increase their land-holdings, as well as the possibility to acquire insurance against negative shocks, need urgent implementation."

Financial Liberalization, Property Rights and Growth in A Overlapping Generations Model

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (632 download)

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Book Synopsis Financial Liberalization, Property Rights and Growth in A Overlapping Generations Model by :

Download or read book Financial Liberalization, Property Rights and Growth in A Overlapping Generations Model written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we develop an endogenous growth model of open economies, where countries differ with respect to the quality of property rights. Within this context, we analyze two types of reforms. First, we look at growth and welfare effects of removing capital controls, given the degree of property rights protection. Second, we endogenize the quality of property rights and study the political support for a reform aimed at improving it. We show that, in countries where property rights are poorly protected, the liberalization of capital movements, that may or may not foster economic growth in the shortrun, eliminates the possibility of sustained physical capital accumulation. Nevertheless, the removal of capital controls may benefit the agents alive at the time of liberalization, leaving a burden for future generations. Ceteris paribus, the political support for a reform of property rights will be stronger in the closed economy than in the open economy.

Growth and Structural Reforms

Author : Mr.Thierry Tressel
Publisher : International Monetary Fund
ISBN 13 : 1451874294
Total Pages : 54 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Growth and Structural Reforms by : Mr.Thierry Tressel

Download or read book Growth and Structural Reforms written by Mr.Thierry Tressel and published by International Monetary Fund. This book was released on 2009-12-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications.

Liberalizations in Network Industries

Author : Antonio Nicita
Publisher : Springer
ISBN 13 : 3319437178
Total Pages : 164 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Liberalizations in Network Industries by : Antonio Nicita

Download or read book Liberalizations in Network Industries written by Antonio Nicita and published by Springer. This book was released on 2016-09-15 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the wave of liberalization reforms experienced by OECD network industries. Focusing on the telecommunications sector, the authors analyze the latest data available on liberalization and privatization, and following a political economics approach, they integrate standard economic analysis with the most recent studies of the political determinants of market-oriented policies. The book presents new econometric evidence on several policy issues, including institutional complementarities dynamics, the problem of policy sequencing and the role of government political ideology. The detailed and comprehensive discussion offers insights into how so many countries adopting similar reforms actually differ in their policy “bundling”, intensity and implementation of liberalization and privatization.

The Institutional Transition of China's Township and Village Enterprises

Author : Hongyi Chen
Publisher : Routledge
ISBN 13 : 1351812270
Total Pages : 341 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis The Institutional Transition of China's Township and Village Enterprises by : Hongyi Chen

Download or read book The Institutional Transition of China's Township and Village Enterprises written by Hongyi Chen and published by Routledge. This book was released on 2017-11-22 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000: This work provides a new insight into china's township and village enterprises (TVEs). It views the governance structure of TVEs as effectively combining the comparative advantage of local government officials in external management and of dual firm managers in internal management to overcome imperfections in both market and government during the transitional period. Through extensive field investigation analysis and case studies, this work shows that the governance structure of TVEs has been evolving during the past fifteen years. To adapt to the changing environment, TVEs have continuously innovated firm contractual form from a government official dominant fixed-wage form to a partnership style profit-sharing form, then to a privatization oriented fixed-rent form. This work develops a complete model to explain how the central government’s partial reform efforts in market liberalization have become the driving force to induce the contractual form innovation, and to explicate how heterogeneity in firms’ technical structures and in local economic settings may affect local government’s decisions regarding contractual form innovation. Using the author’s unique data set, the model simulations predict that the development in the whole market system will result in the diffusion of contractual form innovation and lead to an 'induced privatization’ in this sector. The following empirical studies show this to be a powerful prediction and the progress toward such ’induced privatization' can be expected in China in near future. This research work provides a rich empirical study on China’s institutional transition towards a market system. It explains how a bottom-up endogenous, instead of top-down exogenous, property rights reform can be realized in transitional economies. This work will serve as a valuable reference for researchers and students in economics, economic development and institutional economics - and especially for those interested in research.

Land Bargains and Chinese Capitalism

Author : Meg E. Rithmire
Publisher : Cambridge University Press
ISBN 13 : 1107117305
Total Pages : 237 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Land Bargains and Chinese Capitalism by : Meg E. Rithmire

Download or read book Land Bargains and Chinese Capitalism written by Meg E. Rithmire and published by Cambridge University Press. This book was released on 2015-10-07 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the origins of Chinese land politics and explores how property rights and urban growth strategies differ among Chinese cities.

African Land Reform Under Economic Liberalisation

Author : Shinichi Takeuchi
Publisher : Springer Nature
ISBN 13 : 9811647259
Total Pages : 215 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis African Land Reform Under Economic Liberalisation by : Shinichi Takeuchi

Download or read book African Land Reform Under Economic Liberalisation written by Shinichi Takeuchi and published by Springer Nature. This book was released on 2021-10-10 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book offers unique in-depth, comprehensive, and comparative analyses of the motivations, context, and outcomes of recent land reforms in Africa. Whereas a considerable number of land reforms have been carried out by African governments since the 1990s, no systematic analysis on their meaning has so far been conducted. In the age of land reform, Africa has seen drastic rural changes. Analysing the relationship between those reforms and change, the chapters in this book reveal not only their socio-economic outcomes, such as accelerated marketisation of land, but also their political outcomes, which have often been contrasting. Countries such as Rwanda and Mozambique have utilised land reform to strengthen state control over land, but other countries, such as Ghana and Zambia, have seen the rise in power of traditional chiefs in managing the land. The comparative perspective of this book clarifies new features of African social changes, which are carefully investigated by area experts. Providing new perspectives on recent land reform, this book will have a considerable impact on scholars as well as policymakers.

Structural Reforms and Economic Performance in Advanced and Developing Countries

Author : Mr.Jonathan David Ostry
Publisher : International Monetary Fund
ISBN 13 : 1589068181
Total Pages : 62 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Structural Reforms and Economic Performance in Advanced and Developing Countries by : Mr.Jonathan David Ostry

Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.

The World Bank Research Observer

Author :
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Crisis of Rural Poverty and Hunger

Author : M. Riad El-Ghonemy
Publisher : Routledge
ISBN 13 : 1136754466
Total Pages : 243 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis The Crisis of Rural Poverty and Hunger by : M. Riad El-Ghonemy

Download or read book The Crisis of Rural Poverty and Hunger written by M. Riad El-Ghonemy and published by Routledge. This book was released on 2007-04-26 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: M. Riad El-Ghonemy argues that if current trends in government-led and market based land reforms persist the rural poor population in developing countries will continue to rise.Based on nearly half a century of academic and field research this valuable work presents compelling evidence on persistent rural poverty, hunger and increased inequality in

Land Law Reform

Author :
Publisher : World Bank Publications
ISBN 13 : 0821364693
Total Pages : 280 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Land Law Reform by :

Download or read book Land Law Reform written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Land Law Reform examines the wide-spread efforts to reform land law in developing countries and countries in transition, drawing in particular upon the experience of the World Bank and the Rural Development Institute. The book considers the role of land law reform in the development process and analyzes how the World Bank has sought to support these legal changes in client countries. It reviews the experience with reform of laws affecting land access and rights in achieving gender equity, identifies opportunities for reinforcing environmentally sustainable development through land law reform, and examines from both growth and poverty alleviation perspectives the effectiveness of reforms to formalize property rights and liberalize land markets. The concluding chapter recommends some basic priorities for land law reforms. John W. Bruce is a senior counsel in the Legal Vice-Presidency of the World Bank, and a former director of the Land Tenure Center of the University of Wisconsin-Madison. He has published extensively on land law and land policy in developing countries. Renee Giovarelli, David Bledsoe, Leonard Rolfes, and Robert Mitchell are staff attorneys with the Rural Development Institute of Seattle, Washington, a nonprofit organization that promotes and advises on land-related policy and legal reform in developing and transition countries. All have done fieldwork and advised extensively on land law reform and have published widely on this topic."

The impact of Fair Trade

Author : Ruerd Ruben
Publisher : BRILL
ISBN 13 : 9086866476
Total Pages : 255 pages
Book Rating : 4.0/5 (868 download)

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Book Synopsis The impact of Fair Trade by : Ruerd Ruben

Download or read book The impact of Fair Trade written by Ruerd Ruben and published by BRILL. This book was released on 2023-08-28 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty years ago, Fair Trade started as an effort to enable smallholder producers from developing countries to successfully compete in international markets. Better access to market outlets and stable prices are considered key principles for sustainable poverty reduction and stakeholder participation based on 'trade, not aid'. While Fair Trade is primarily conceived as a trading partnership - based on dialogue, transparency and mutual respect - seeking greater equity in international trade, it relies on an organized social movement promoting standards for production practices and delivery procedures, working conditions and labour remuneration, environmental care and social policies in supply chains of certified tropical goods. Over the past two decades, sales of Fair Trade products have considerably increased. After the first shipments of coffee, the range of products has gradually broadened to include fruit (particularly bananas, pineapple and citrus), tea, cocoa, textiles, cosmetics and a whole series of other products. Global Fair Trade sales have steadily grown to approximately EUR 1.6 billion worldwide, covering almost 600 producer organizations in more than 55 developing countries that represent close to a million families of farmers and workers. In recent years, efforts have been made towards mainstreaming of Fair Trade involving large international companies and retail chains. While numerous case studies and descriptive overviews are available to illustrate the importance of Fair Trade for producers and their families in developing countries, little quantitative evidence has been presented to review the socio-economic impact of Fair Trade. This collection of articles provides the first balanced in-depth analysis of the real welfare impact of Fair Trade, paying attention to key dimensions of income, consumption, wealth, environment, empowerment and gender. The core articles are based on extensive field surveys in Peru, Costa Rica, Ecuador, Ghana, Kenya and Mexico, and provide valuable insights in the contributions and constraints for producers’ involvement in Fair Trade. In addition, attention is paid to the broader implications for international trade regimes and the ethical perspectives on Fair Trade.

Financial Market Reform In China

Author : Baizhu Chen
Publisher : Routledge
ISBN 13 : 0429721439
Total Pages : 434 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Financial Market Reform In China by : Baizhu Chen

Download or read book Financial Market Reform In China written by Baizhu Chen and published by Routledge. This book was released on 2019-09-17 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: As editors, first of all, we would like to thank the authors of this volume for their conscientious work that makes this volume possible. Many ideas in this book were first explored at an international symposium on financial market reforms in China, which was organized by the Chinese Economists Society. We would like to express our thanks to the sponsors of the conference: Center for International Business Education and Research, China Reform Foundation, MetLife, Hausman & Shrenger LLP, Lincoln National Insurance Company, City National Bank, Marshall School of Business, University of Southern California and The Chinese Economists Society. The Lincoln Foundation also provided generous support to this project through a grant made to Claremont Graduate University where this book was finalized.

Reforming Infrastructure

Author : Ioannis Nicolaos Kessides
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Reforming Infrastructure by : Ioannis Nicolaos Kessides

Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

Economic Reform in Ukraine: The Unfinished Agenda

Author : Anders Aslund
Publisher : Routledge
ISBN 13 : 1315500078
Total Pages : 255 pages
Book Rating : 4.3/5 (155 download)

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Book Synopsis Economic Reform in Ukraine: The Unfinished Agenda by : Anders Aslund

Download or read book Economic Reform in Ukraine: The Unfinished Agenda written by Anders Aslund and published by Routledge. This book was released on 2019-08-07 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ukraine may have taken a "gradualist" approach to economic reform, but the results have been no better than in Russia. The editors have assembled the leading specialists on the Ukrainian economy, including officials from major Ukrainian and international economic institutions, to outline the major problems of the economy, analyze the initial phases of economic reform in Ukraine, assess their outcomes, and chart the way forward.

The Mystery of Capital

Author : Hernando De Soto
Publisher : Basic Books
ISBN 13 : 0465004016
Total Pages : 290 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Mystery of Capital by : Hernando De Soto

Download or read book The Mystery of Capital written by Hernando De Soto and published by Basic Books. This book was released on 2007-03-20 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.

The Romanian Economic Reform Program

Author : Mr.Dimitri G. Demekas
Publisher : International Monetary Fund
ISBN 13 : 9781557751904
Total Pages : 50 pages
Book Rating : 4.7/5 (519 download)

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Book Synopsis The Romanian Economic Reform Program by : Mr.Dimitri G. Demekas

Download or read book The Romanian Economic Reform Program written by Mr.Dimitri G. Demekas and published by International Monetary Fund. This book was released on 1991-06-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.