• Home
  • Contact
  • About Me
Paul Seabright

.com

  • Home
  • About Me
  • Books
  • Research
    • New Research
    • Working Papers
    • Published Journal Articles
    • Published Book Chapters
    • Current Research
    • Ideas for Future Research
    • Collaborators and Co-authors
    • Conferences
  • Other Writing
  • Lectures and Broadcasts
  • Coups de Coeur
    • Visual Artists
    • Places
    • Recommended Books
    • Blogs and links
    • Curiosities
  • Français

Browsing Tags regions of europe

“Soviet Power Plus Electrification: what is the long-run legacy of communism?”

“Soviet Power Plus Electrification: what is the long-run legacy of communism?” (with Wendy Carlin and Mark Schaffer), available here, published in Explorations in Economic History 2012. http://dx.doi.org/10.1016/j.eeh.2012.07.003

Abstract

Two decades after the end of central planning, we investigate the extent to which the advantages bequeathed by planning in terms of high investment in physical infrastructure and human capital compensated for the costs in allocative inefficiency and weak incentives for innovation.  We assemble and analyse three separate types of evidence.  First, we find that countries that were initially relatively poor prior to planning benefited more, as measured by long-run GDP per capita levels, from infrastructure and human capital than they suffered from weak market incentives. For initially relatively rich countries the opposite is true. Second, using various measures of physical stocks of infrastructure and human capital we show that at the end of planning, formerly planned countries had substantially different endowments from their contemporaneous market economy counterparts. However, these differences were much more important for poor than for rich countries. Finally, we use firm-level data to measure the cost of a wide range of constraints on firm performance, and we show that after more than a decade of transition in 2002-05, poor ex-planned economies differ much more from their market counterparts, in respect to both good and bad aspects of the planning legacy, than do relatively rich ones.  However, the persistent beneficial legacy effects disappeared under the pressure of strong growth in the formerly planned economies in the run-up to the global financial crisis.

Integration and the Regions of Europe

Pontus Brunerhjelm, Riccardo Faini, Victor Norman, Frances Ruane and Paul Seabright, Integration and the Regions of Europe: How the Right Policies can Prevent Polarisation, Center for Economic Policy Research, London, 2000.

This report analyses how the geographic pattern of production and employment in Europe will be affected by market integration, increased direct investment, more mobile financial capital and a sharper, global division of labour. The authors then trace the implications of such changes for local policy (local tax, expenditure and industrial policy) and finally discuss how the subsidiary principle should be implemented to ensure that local policies contribute to overall economic efficiency and other common goals.

Buy at brookings.edu.

  • Tags

    BBC book cambridge university press central europe China company of strangers competition policy Covid-19 darwin darwin college lecture discrimination epidemics experiments feminism fiction fran Français gender Haiti History industrial organization innovation jointventure lockdown marriage markets networks podcast populism princeton Psychology radio regions of europe religion scarce attention search sexual assault sexual selection smiling teaching trade tribune Trust videos voting war of the sexes
  • Connect with us:
  • © 2023 Paul Seabright
  • Powered by WordPress