This paper conducts a crosscountry empirical study of the impact of institutions and agency conflicts on ownership reforms and their implications for changes in performance and efficiency. We examine two main questions. First, we evaluate the effects of certain property rights and institutional quality measures on performance and efficiency. We find that property rights and contracting rights p...

We study a small open economy characterized by two empirically important frictions – incomplete financial markets and an inability of the government to commit to policy. We characterize the best sustainable fiscal policy and show that it can amplify and prolong shocks to output. In particular, even when the government is completely benevolent, the government’s credibility not to expropriate cap...

This article highlights the weakness of UK's occupational health and safety infrastructure exposed by COVID-19 pandemic. Utilising a political economy perspective, it captures critical role workplace union representatives in mitigating risk contesting expropriation recommodification labour, specifically inadequate sick pay.

Post-war property reforms in transitional Cambodia plunged the country into new conflict: a war of land. Under guise ‘beautification’, 11% capital’s residents have been displaced under two decades wave violent gentrification, enacted through forced eviction and dispossession. Mounting resistance shows signs taking effect, however, evincing turning point state–society relations. Here, government...