With the end of the Cold War at the end of the twentieth century, the post-socialist transition in Central and Eastern Europe, China and Vietnam, the impressive growth of India, and the rapid spread of globalization, today's world is vastly different from that of two or three decades ago. Many of these changes are closely related to the concerns of economics and, in particular, institutional economics, which has been brought to the forefront due to the analysis of institutions in transition economies, and the realisation of how large a part they play in a successful market economy. With the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this volume explores systems of institutions, the interactions between institutions, and the effect that corruption can have on them. There is also an examination of the impact of immigration, a look at developments in behavioural economics, and an exploration of the links between democratic progress and economic growth.
This volume brings together a wide range of scholars from around the world and provides a comprehensive overview of recent trends in economics, as well as explaining how economics plays a crucial part in understanding and analysing important changes taking place internationally. With a variety of contributions focusing on institutions, development and corruption, this volume is essential reading for all those interested in examining the part which economic institutions play in transition, and for those wanting to place the modern world in a wider economic context.
Electoral Rules and Constitutional Structures as Constraints on Corruption; J.Kunicova and S.Rose-Ackerman
State Capture from Yeltsin to Putin; E.Zhuravskaya and E.Iakovlev
Democracy for Better Governance and Higher Economic Growth in the Middle East and North Africa Region?; M.K.Nabli
Distance to the Efficiency Frontier and Foreign Direct Investment Spillovers; K.Sabirianova, J.Svejnar and K.Terrell
A Portrait of the Chinese Entrepreneur; G.Roland
The Brain Drain, Educated Unemployment, Human Capital Formation and Economic Betterment; C.S.Fan and O.Stark
On an Optimal Selective Migration Policy when Information is Asymmetric and Incentives Count; A.Casarico, O.Stark and S.Uebelmesser
International Migration, Human Capital Formation and the Setting of Migration Control Policies: Mapping the Gains; A.Casarico, C.Devillanova, O.Stark and S.Uebelmesser
A Gain with a Drain? Evidence from Rural Mexico on the New Economics of the Brain Drain; S.Boucher, O.Stark and J.E.Taylor
Redesigning Public Utilities: The Key Role of Micro-Institutions; C.Ménard
Does Regulation and Institutional Design Matter for Infrastructure Sector Performance?; L.Andres, J.L.Guasch and S.Straub
Institutional Design and Energy Reform in the UK; R.Green
JÁNOS KORNAI is at Harvard University, USA, and the Central European University and Collegium, Budapest, Hungary.
LÁSZLÓ MÁTYÁS is at Central European University, Hungary.
GÉRARD ROLAND is at the University of California, Berkeley, USA.
Description
With the end of the Cold War at the end of the twentieth century, the post-socialist transition in Central and Eastern Europe, China and Vietnam, the impressive growth of India, and the rapid spread of globalization, today's world is vastly different from that of two or three decades ago. Many of these changes are closely related to the concerns of economics and, in particular, institutional economics, which has been brought to the forefront due to the analysis of institutions in transition economies, and the realisation of how large a part they play in a successful market economy. With the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this volume explores systems of institutions, the interactions between institutions, and the effect that corruption can have on them. There is also an examination of the impact of immigration, a look at developments in behavioural economics, and an exploration of the links between democratic progress and economic growth.
This volume brings together a wide range of scholars from around the world and provides a comprehensive overview of recent trends in economics, as well as explaining how economics plays a crucial part in understanding and analysing important changes taking place internationally. With a variety of contributions focusing on institutions, development and corruption, this volume is essential reading for all those interested in examining the part which economic institutions play in transition, and for those wanting to place the modern world in a wider economic context.
Contents
Electoral Rules and Constitutional Structures as Constraints on Corruption; J.Kunicova and S.Rose-Ackerman
State Capture from Yeltsin to Putin; E.Zhuravskaya and E.Iakovlev
Democracy for Better Governance and Higher Economic Growth in the Middle East and North Africa Region?; M.K.Nabli
Distance to the Efficiency Frontier and Foreign Direct Investment Spillovers; K.Sabirianova, J.Svejnar and K.Terrell
A Portrait of the Chinese Entrepreneur; G.Roland
The Brain Drain, Educated Unemployment, Human Capital Formation and Economic Betterment; C.S.Fan and O.Stark
On an Optimal Selective Migration Policy when Information is Asymmetric and Incentives Count; A.Casarico, O.Stark and S.Uebelmesser
International Migration, Human Capital Formation and the Setting of Migration Control Policies: Mapping the Gains; A.Casarico, C.Devillanova, O.Stark and S.Uebelmesser
A Gain with a Drain? Evidence from Rural Mexico on the New Economics of the Brain Drain; S.Boucher, O.Stark and J.E.Taylor
Redesigning Public Utilities: The Key Role of Micro-Institutions; C.Ménard
Does Regulation and Institutional Design Matter for Infrastructure Sector Performance?; L.Andres, J.L.Guasch and S.Straub
Institutional Design and Energy Reform in the UK; R.Green
Authors
JÁNOS KORNAI is at Harvard University, USA, and the Central European University and Collegium, Budapest, Hungary.
LÁSZLÓ MÁTYÁS is at Central European University, Hungary.
GÉRARD ROLAND is at the University of California, Berkeley, USA.
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