53. Performance Changes After the Introduction of Contracts Return on assets No change Deteriorated 0 4 8 12 Number of state-owned enterprises
54. Performance Changes After the Introduction of Contracts Labor productivity Improved No change 0 4 8 12 Number of state-owned enterprises
55. Performance Changes After the Introduction of Contracts Total factor productivity 0 4 8 12 Number of state-owned enterprises Improved Deteriorated No change Shirley & Xu, 2000
89. Serious threat, economic problems Failure of past reforms Change seen as necessary by elites Coherent alternative different from past reforms Role model Consensus view of group Seen as experts? Seen as not self interested? Incentives to be truthful? Local knowledge? yes yes yes yes Alternative paradigm Channels to elites Alternative is known to elites Alternative is feasible SCHOLARS RULING ELITES Policy, paradigm change Paradigm is disseminated REST OF POPULATION Beliefs change Institutional change Outcomes seen as positive
94. Seen as experts? Seen as not self interested? Incentives to be truthful? Local knowledge? Scholarly group with alternative paradigm Lupia & McCubbins
97. Paradigm is disseminated Policy, paradigm change Outcomes seen as positive Beliefs, norms change, new stakeholders Public Elites
98.
99.
100.
101.
Editor's Notes
In 3/4 th of poor countries GDP per capita grew slower than rich countries from 1980-2003; 1/3 rd of poor countries have shown no increase in GDP per capita since 1980’s
