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CENTRO STUDI LUCA D'AGLIANO
WWW.DAGLIANO.UNIMI.IT
CENTRO STUDI LUCA D’AGLIANO
DEVELOPMENT STUDIES WORKING PAPERS
N. 204
November 2005
Dual Track Reforms: With and Without Losers
Jiahua Che*
Giovanni Facchini**
* Hong Kong University of Science and Technology and William Davidson
Institute
**University of Illinois at Urbana Champaign and University of Milan