Showing 1 - 10 of 15
Ghana’s 2008 elections have been hailed by national and international observers as a model for Africa. This perception has prevailed despite persistent concerns about 'ethnic block voting' and electoral fraud. Electoral malpractice and vote rigging along ethnic lines in Ghana's virtual...
Persistent link: https://www.econbiz.de/10005039979
We analyze data on sustainability of democratic regimes in resource rich countries and suggest a two-period model to explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties for democratic system in other ones. Our central idea...
Persistent link: https://www.econbiz.de/10008498489
This paper summarizes theoretical arguments and provides empirical evidence to support the statement that rational economic policies depend qualitatively on two factors – technological and institutional level of development of a country. We concentrate on the impact of three policies to...
Persistent link: https://www.econbiz.de/10008543493
This paper summarizes theoretical arguments, empirical evidence, and econometric findings to support the statement that rational economic policies depend qualitatively on stages of development that are defined by productivity and institutional indicators of a country. We consider the impact of...
Persistent link: https://www.econbiz.de/10008543496
Cross-country regressions, reported in this paper for 1960-99 period, seem to suggest that the accumulation of foreign exchange reserves (FER) contributes to economic growth of a developing economy by increasing both the investment/GDP ratio and capital productivity. We offer the following...
Persistent link: https://www.econbiz.de/10008543507
If imperfect market institutions prevail in a country and inflation amounts to about 10% then efforts directed to further inflation decrease would probably hamper economic growth. To substantiate this thesis, I make references on opinions of well-known economists, discuss results of recent...
Persistent link: https://www.econbiz.de/10008552814
We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy. Stationary Markov perfect equilibria of this game with four players – Politician, Oligarch, Autocrat and Public (voters) – are analyzed. Choosing a rate of resource rent tax,...
Persistent link: https://www.econbiz.de/10008552816
Sachs, Warner (1995) were among the first to claim that «resource curse» is real and that resource abundant economies do indeed grow more slowly than the others. Hundreds of papers were published since then supporting the «resource curse» thesis and offering new explanations of mechanisms...
Persistent link: https://www.econbiz.de/10008560976
The article considers alternative variants of strategy formation: "modernization from above" and an approach based on the interaction of "coalitions of interests". To use the advantages of both approaches, it is suggested that a system of interactive control of growth be designed. It should be...
Persistent link: https://www.econbiz.de/10008565965
We propose an evolutionary equation and develop an asymptotic theory that generalize results obtained in Polterovich, Khenkin, 1988. It is shown that, as a result of interaction between innovation and imitation, the shape of the efficiency distribution curve of technologies eventually...
Persistent link: https://www.econbiz.de/10008592990