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Full-Text Articles in Social and Behavioral Sciences
The Asian Financial Crisis And Banking Reform In China And Vietnam, Thomas Gottschang
The Asian Financial Crisis And Banking Reform In China And Vietnam, Thomas Gottschang
Economics Department Working Papers
The collapse of financial markets and exchange rates across Southeast and East Asia in 1997 and 1998 affected the economies of China and Vietnam much less than those of most other Asian countries. Ironically, the two transitional economies were protected to a great extent by the incomplete nature of their banking reforms and financial market development. The yuan and the dong were not yet traded internationally, securities markets were in very early stages of development, and tax codes, trade regulations, and accounting standards in the two countries did not yet fully conform to international norms. Yet the non-convertibility of their …
The Meaning Of Property Rights: Law Versus Economics? , Daniel H. Cole, Peter Z. Grossman
The Meaning Of Property Rights: Law Versus Economics? , Daniel H. Cole, Peter Z. Grossman
Scholarship and Professional Work - Business
Property rights are fundamentals to economic analysis. There is, however, no consensus in the economic literature about what property rights are. Economists define them variously and inconsistently, sometimes in ways that deviate from the conventional understandings of legal scholars and judges. This article explores ways in which definitions of property rights in the economic literature diverge from conventional legal understandings, and how those divergences can create interdisciplinary confusion and bias economic analyses. Indeed, some economists' idiosyncratic definitions of property rights, if used to guide policy, could lead to suboptimal economic outcomes.
A Guide To Economic Development Practice, Ziona Austrian, Jill S. Taylor
A Guide To Economic Development Practice, Ziona Austrian, Jill S. Taylor
All Maxine Goodman Levin School of Urban Affairs Publications
No abstract provided.
The Transformation Of China's Health Care System And Accounting Methods: Current Reforms And Developments, David Chu, Kolleen Rask
The Transformation Of China's Health Care System And Accounting Methods: Current Reforms And Developments, David Chu, Kolleen Rask
Economics Department Working Papers
This paper is a case study of China’s recent reforms in hospital accounting. We analyze the Chinese health care system in transition to highlight the changing role and nature of accounting services before and after the recent reforms. Prior to reforms, the accounting system provided data solely for government central planning purposes. Reforms were supposed to decentralize hospital decision making, thus signaling a need for a new accounting system that would provide information to managers and resource providers. However, the government continues to maintain control by fixing basic medical service prices at levels below cost while allowing profit margins for …