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Publications (4)
Working Paper
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This paper focuses on the networks of business-related contacts that are built and maintained by manufacturing entrepreneurs in sub-Saharan Africa. It describes the various functions that such networks perform, explaining why each function is important that given the environment in which the...
Working Paper
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– Lessons from China
Using a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector. These reforms allowed the SOEs to realize their innate tendencies to over-consume and over-invest. The evidence...
Working Paper
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– How, Why and for Whom?
Many Soviet state enterprises are changing their legal form. Permissive but imprecise legislation, policy paralysis at all levels of government, the breakdown of the state supply system, and continued excess demand, have allowed managers of state firms to initiate "spontaneous privatization" --...
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