The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation depends thus on expectations about default which is...

Differences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross-country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...

Can others learn from China's remarkable growth rate? We explore some indirect determinants of China's growth success including the degree of openness, institutional change and sectoral change, based on a cross-province dataset. Our methodology is the informal growth regression, which permits...

This paper examines two drastic changes in the performance of local water associations in providing local public goods - appropriate levels of water table - in the reclamation system in the Powiat Pyrzyce in the Voivodship Zachodniopomorski in northwest Poland. Employing an institutional...

Thirty years after Soviet-style socialism, the post-socialist cities have witnessed a wideranging transformation in urban processes toward various forms of the trend "government to governance". This paper aims to explore the differences in Public-Private Partnerships (PPPs) institutional change...

This study investigates how West German spouses have responded by adjusting their time allocation to the alimony reform introduced in 2008. This reform imposed financial self-responsibility after a finalized divorce. It weakened the relative bargaining position of the spouse with a claim for...