Theses and Dissertations from UMD
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New submissions to the thesis/dissertation collections are added automatically as they are received from the Graduate School. Currently, the Graduate School deposits all theses and dissertations from a given semester after the official graduation date. This means that there may be up to a 4 month delay in the appearance of a give thesis/dissertation in DRUM
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Item Neoliberalism in Translation: Economic Ideas and Reforms in Spain and Romania(2011) Ban, Cornel; Conca, Ken; Tismaneanu, Vladimir; Government and Politics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md.)Most political economists studying the global spread of neoliberalism have seen it as a form of policy diffusion. Recently constructivist political economists have pointed to the important role of the spread of neoliberal economic ideas in this process. However, they have not provided a theoretical framework for understanding the mechanisms through which neoliberal ideas travel across national policy spheres. To address this gap, this dissertation draws on the claim made by some sociologists that ideas do not stay the same as they travel from one social setting to another, but are "translated" by idea entrepreneurs called "translators". More specifically, this dissertation aims to specify what shapes the result of translation, the pace at which it occurs, and the means through which it can shape policy. In doing this, it makes three contributions to the study of political economy. First, it argues that the content of adopted neoliberal ideas is shaped by the context-specific choices made by translators who employ "framing," "grafting" and "editing" as translation devices. Secondly, the pace of translation is shaped by the density of transnational ties between domestic policy stakeholders and external advocates of neoliberalism. Finally, translated neoliberal ideas are likely to serve as templates for economic policies when they are shared by an intellectually coherent policy team inside a cabinet that can effectively control economic policy decisions. To make thesearguments, the dissertation draws on a comparative historical analysis of the spread of neoliberalism in two "crucial cases": postauthoritarian Spain and Romania.Item Three Transaction Cost Economics Essays which Use Romanian Data(2007-01-19) Paun, Radu Adrian; Murrell, Peter; Economics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md.)The first chapter of this dissertation considers the complexity of contracts to be determined by transacting partners based on their exposure to the opportunistic behavior of the other. A transaction cost economics model generates the hypothesis that buyer and seller relationship-specific investments have opposite effects on the exposure to opportunism, hence on contract complexity. The precise direction of the effect is thought to depend on partners' relative vulnerability. The treatment-effects model estimated by maximum likelihood indicates that sellers' relationship-specific investments increase contract complexity, while buyers' investments reduce it. This is the first transaction cost economics analysis that simultaneously counters the problems of unobserved heterogeneity, generates estimates of the effects of relationship-specific investments that are opposite in sign on opposite sides of the agreement, and explains the patterns in the biases of ordinary least squares estimates. The quality of court services and the impact of buyers' prepayments are also investigated. The second chapter presents a simple methodology for measuring transaction costs at agreement level by using reports from business officials who supervise companies' buying and selling activities. In a practical implementation in Romania, those transaction costs directly related to the buying and selling activities are assessed as large, accounting for more than a fifth of value added. The recorded transaction costs estimates correlate significantly with variables suggested by theory, indicating validity. The quality of the data is also analyzed. The third chapter of the dissertation investigates the determinants of transaction costs by using the information collected by the survey question proposed in the second chapter. Given the limited nature of the data, the Tobit model is first employed. The sample selection model is then adopted. However, combined evidence indicates that a two-equation approach is more appropriate. Results show that the existing theory is somewhat successful at predicting the size of transaction costs and very successful at predicting the existence of these costs. The two-sided nature of the decision to invest in relationship-specific assets is discussed, and the potential endogeneity of several factors is investigated.