Do THE ECONOMIES OF East Asia need to undertake fundamental economic reform to resume a path of strong economic growth? This vital question, posed in the wake of the economic crisis of 1997, has divided both economists and policymakers. The case against major structural reform begins with the dramatic growth of these economies over the past twenty years. For example, Korea, the focus of this pa...

Many theoretical models of transition are driven by the assumption that economic decision making is subject to political constraints. In this paper we empirically test whether the winners and losers of economic reform determined voting behaviour in the first five national elections in the Czech Republic. We propose that voters, taking stock of endowments from the planning era, could predict whe...

FOREWORD Regulations are the sinews of modern government, the legal instruments that connect abstract government policies with the day-today activities of commerce and private life. In the highly-developed administrative states characteristic of OECD countries, government effectiveness has become to a significant degree dependent on the quality of the systems that develop, enforce, adjudicate, ...

In 1994 the state of Michigan implemented one of the most comprehensive school finance reforms undertaken to date in any of the states. Understanding the effects of the reform is thus of value in informing other potential reform initiatives. In addition, the reform and associated changes in the economic environment provide an opportunity to assess whether a simple general equilibrium model can ...

W ith the election of Bill Clinton as presiden t , Americans have asked for renewed attention to domestic and economic policies. A critical part of the U.S. domestic front demanding attention is healthcare reform. However, the message voters sent Clinton on healthcare reform is far from clear. Several postelection public opinion surveys show that, although voters believed healthcare reform was ...

Many of the Organization for Economic Cooperation and Development countries use global budgeting to control all or certain portions of their health care expenditures. Although the use of global budgets as a cost-containment tool has not been implemented in the United States in any comprehensive way, recent health care reform initiatives have increased the need for research into such tools. In g...