The role of exit costs in the theory of cooperative teams: a theoretical perspective

Article Abstract:

Papers by Dung and Dow and by Putterman and Skillman probably should not have used MacLeod's 'A Theory of Cooperative Teams' paper of 1984 to contradict Lin's 1990 argument that the deprivation of exit rights led to the demise of collectivism in Chinese agriculture. The exit costs described in the original MacLeod paper differed from the exit rights referred to by Lin. Lin rightly argued that the presence of exit rights helped collectives avoid large losses in productivity, although this was because exit rights allowed peasants to avoid inefficient collectives and not due to Lin's theory of efficient contracts.

General farms, primarily crop, Noncommercial research organizations, Models, China, Human resource management, Organizational change, Collective farms

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Culture and economic performance: policy as an intervening variable

Article Abstract:

A study on the role of culture in economic performance is conducted employing policy as an intervening variable. Impressive growth rates registered by East Asian nations can either be attributed to the economic policies of their respective governments or to the social thinking or culture of the nation. Culture may affect the desire for growth-promoting policies or it may influence policymakers to initiate sound economic reforms. Culture may have direct and indirect effect on the economic performance of countries.

Administration of General Economic Programs, Economic Planning & Research, Research, Economic aspects, Economic conditions, Economic development, East Asia, Culture, Confucian ethics

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