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The Invisible Hand and the Grabbing Hand

descriptionPublicationkeyboard_double_arrow_right Report , Article , Preprint 01 Dec 1996 United States Publisher:National Bureau of Economic Research

Authors: Frye, Timothy; Shleifer, Andrei;

doi: 10.3386/w5856

The Invisible Hand and the Grabbing Hand

- Summary
- Subjects
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Abstract

Evidence from a survey of 105 shop-owners in Moscow and Warsaw shows that the reliance on private protection, as well as the burden of regulation and corruption, are much greater in Moscow. The evidence suggests that the `invisible hand' model of government better fits the Warsaw local government, and the`grabbing hand' model is more appropriate for Moscow. The evidence implies that the singular focus on the speed of economic reforms to understand the success of transition is misplaced, and that the quality of government may be as essential.

Country

United States

Related Organizations

Harvard University
United States

Keywords

330

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	478
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 1%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 0.1%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%