Click on a term to reduce result list
The result list below will be reduced to the selected search terms. The terms are generated from the titles, abstracts and STW thesaurus of publications by the respective author.
307 records from EconBiz based on author Name
1. Courts and Relational Contracts
abstractPost-communist countries offer new evidence on the relative importance of courts and relationships in enforcing contracts. Belief in the effectiveness of courts has a significant positive effect on the level of trust shown in new relationships between firms and their customers. Well-functioning courts also encourage entrepreneurs to try out new suppliers. Courts are particularly important when specific investments are needed for a relationship to develop. While relationships can sustain existing interactions, workable courts help new interactions to start and develop
Johnson, Simon; McMillan, John; Woodruff, Christopher;2021
Availability: Link
2. Designing Policies to Open Trade
abstractIn this paper we consider recent proposals to auction U.S. import quotas. using the funds so obtained to encourage relocation out of the protected industries. We argue that the information available to the government, or lack thereof, is a critical factor in understanding these policies. In a world or full information, it makes little sense to use auction quotas rather than tariffs. Similarly, it is unclear why an elaborate program of temporary protection is needed, rather than immediately opening trade and compensating people with an income transfer. When the government has Limited information, however, these policies become quite sensible and may even be optimal
Feenstra, Robert C.; Lewis, Tracy R.; McMillan, John;2021
Availability: Link
3. Death and Development
abstractAnalyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to better health care implies that mortality could be the source of a poverty trap. In our regressions, adult mortality explains almost all of Africa's growth tragedy. Our analysis also underscores grim forecasts of the long-run economic costs of the ongoing AIDS epidemic
Lorentzen, Peter Lombard; McMillan, John; Wacziarg, Romain T.;2021
Availability: Link
4. Property Rights and Finance
abstractWhich is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available. Where property rights are relatively strong, firms reinvest their profits; where they are relatively weak, entrepreneurs do not want to invest from retained earnings
Johnson, Simon; McMillan, John; Woodruff, Christopher;2021
Availability: Link
5. How to Subvert Democracy : Montesinos in Peru
abstractWhich of the democratic checks and balances - opposition parties, the judiciary, a free press - is the most critical? Peru has the full set of democratic institutions. In the 1990s, the secret-police chief Vladimiro Montesinos systematically undermined them all with bribes. We quantify the checks using the bribe prices. Montesinos paid television-channel owners about 100 times what he paid judges and politicians. One single television channel's bribe was four times larger than the total of the opposition politicians' bribes. By revealed preference, the strongest check on the government's power was the news media
McMillan, John; Zoido, Pablo;2021
Availability: Link Link
Citations: 250 (based on OpenCitations)
6. Death and Development
abstractAnalyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to better health care implies that mortality could be the source of a poverty trap. In our regressions, adult mortality explains almost all of Africa's growth tragedy. Our analysis also underscores grim forecasts of the long-run economic costs of the ongoing AIDS epidemic
Lorentzen, Peter Lombard; McMillan, John; Wacziarg, Romain T.;2019
Availability: Link Link
7. Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth
abstractThis paper analyzes the relative importance of the major factors underlying the post-1978 increase in China's agricultural productivity. We present a method for assessing the role of price increases and strengthened individual incentives due to the introduction of the responsibility system. Data on pre- and post-1978 Chinese agricultural performance are used to calculate incentive indices, giving the fraction of their marginal product that peasants received under the pre-1978 regime
Mcmillan, John; Jing, Zhu Li; Whalley, John;2022
Availability: Link
8. A Flexible Economy? Entrepreneurship and Productivity in New Zealand
abstractThis paper (a) provides a framework for quantifying any economy's flexibility, and (b) reviews the evidence on New Zealand firms' birth, growth and death. The data indicate that, by and large, the labour market and the financial market are doing their job
McMillan, John;2015
Availability: Link Link
Citations: 1 (based on OpenCitations)
9. Property Rights, Finance and Entrepreneurship
abstractIs investment constrained more by insecure property rights or by limited external finance; For five transition economies in Eastern Europe and the former Soviet Union we find that weak property rights limit the reinvestment of profits in startup manufacturing firms. Access to credit does not appear to explain differences in investment. At least in the early stages of post-communist reform, retained earnings appear to have been enough to finance the investments that managers wanted to make
Johnson, Simon; McMillan, John; Woodruff, Christopher;2013
Availability: Link Link
Citations: 2 (based on OpenCitations)
10. Price discrimination in the housing market
Bayer, Patrick J.; Casey, Marcus D.; Ferreira, Fernando Vendramel; McMillan, John;2012
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link