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excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …
Persistent link: https://www.econbiz.de/10009153886
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …
Persistent link: https://www.econbiz.de/10013067864
Persistent link: https://www.econbiz.de/10013270058
Persistent link: https://www.econbiz.de/10003913904
Persistent link: https://www.econbiz.de/10010497155
Recent years have seen a significant focus in the literature on growth and development on the idea that legal and political institutions are the key determinant of economic development. The main finding of this paper is that the focus on the primacy of legal and political institutions may be...
Persistent link: https://www.econbiz.de/10009729657
A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...
Persistent link: https://www.econbiz.de/10012727281
A large body of evidence suggests that poor countries tend to invest less (have lower PPP adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment good producing...
Persistent link: https://www.econbiz.de/10012766095
A large body of evidence suggests that poor countries tend to invest less (have lower PPP-adjusted investment rates) and to face higher relative prices of in- vestment goods. It has been suggested that this happens either because these countries have lower TFP in the investment-good producing...
Persistent link: https://www.econbiz.de/10012769299
reviewed here and is shown to cast new light on some of the central claims of legal origins theory. Legal origins are shown to …
Persistent link: https://www.econbiz.de/10013146144