Corruption, Development and Institutional Design

by Kornai, János; Mátyás, László; Roland, Gérard

• ISBN13: 9780230546998
• ISBN10: 0230546994
• Format: Hardcover
• Copyright: 2009-03-15
• Publisher: Palgrave Macmillan

Summary

With the end of the Cold War at the end of the twentieth century, the post-socialist transition in Central and Eastern Europe, China and Vietnam, the impressive growth of India, and the rapid spread of globalization, today's world is vastly different from that of two or three decades ago. Many of these changes are closely related to the concerns of economics and, in particular, institutional economics, which has been brought to the forefront due to the analysis of institutions in transition economies, and the realisation of how large a part they play in a successful market economy. With the aim of providing a comprehensive analysis of institutions, and of the global economy more generally, this volume explores systems of institutions, the interactions between institutions, and the effect that corruption can have on them. There is also an examination of the impact of immigration, a look at developments in behavioural economics, and an exploration of the links between democratic progress and economic growth.

Author Biography

János Kornai is President of The International Economic Association at the University of Budapest, Hungary. László Mátyás is at Central European University, Hungary. Gérard Roland is a Professor of Economics and Political Science at University of California, Berkeley.

Table of Contents

List of Tables and Figures	p. vii
The International Economic Association	p. xi
Preface and Acknowledgements	p. xiii
List of Contributors	p. xv
List of Abbreviations and Acronyms	p. xvii
Introduction: Great Changes in the World and in Economics-Corruption, Development and Institutional Design	p. xix
Political Environment	p. 1
Electoral Rules and Constitutional Structures as Constraints on Corruption	p. 3
State Capture: From Yeltsin to Putin	p. 24
Democracy for Better Governance and Higher Economic Growth in the Mena Region?	p. 37
Supply of Productive Factors	p. 69
Distance to the Efficiency Frontier and Foreign Direct Investment and Spillovers	p. 71
A Portrait of the Chinese Entrepreneur	p. 82
A Gain with a Drain? Evidence from Rural Mexico on the New Economics of the Brain Drain	p. 100
The Brain Drain, 'Educated Unemployment', Human Capital Formation, and Economic Betterment	p. 120
An Optimal Selective Migration Policy in the Absence of Symmetric Information, and in the Presence of Skill Formation Incentives	p. 152
International Migration, Human Capital Formation, and the Setting of Migration-Control Policies: Mapping the Gains	p. 169
Public Utility Reform	p. 187
Redesigning Public Utilities: the Key Role of Micro-institutions	p. 189
Does Regulation and Institutional Design Matter for Infrastructure Sector Performance?	p. 203
Institutional Evolution and Energy Reform in the UK	p. 235
Index	p. 253
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