Showing 1 - 10 of 80,361
The pursuit to uncover the driving forces behind cross-country income gaps has divided economists into two major camps: One emphasizes institutions, while the other stresses non-institutional forces such as geography. Each school of thought has its own theoretical foundation and empirical...
Persistent link: https://www.econbiz.de/10012904083
of the exodus of humans from Africa tens of thousands of years ago, contributed to the differential formation of pre …
Persistent link: https://www.econbiz.de/10011670896
the West as a model. This indeed has been the case in Ghana, West Africa. In Ghana s urban centers, the large buildings …
Persistent link: https://www.econbiz.de/10014217561
This chapter addresses the issue of social protection and welfare in Africa. Africa is a highly diversified continent … characterized by different socio-economic performances. It comprises the more developed countries of North Africa, as well as the … less developed sub-region of Sub-Saharan Africa. Despite the existence of several problems and challenges, this part of the …
Persistent link: https://www.econbiz.de/10014109899
In this essay, we provide a simple conceptual framework to elucidate the forces that lead to institutional persistence and change. Our framework is based on a dynamic game between different groups, who care both about current policies and institutions and future policies, which are themselves...
Persistent link: https://www.econbiz.de/10012823238
nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … we refer to as invariance. When the model is enriched to allow for limits on the exercise of de facto power by the elite … may survive, but choose economic institutions favoring the elite. The main ideas featuring in the model are illustrated …
Persistent link: https://www.econbiz.de/10012734199
There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to know how institutions change. This paper provides a...
Persistent link: https://www.econbiz.de/10014563047
One of the problems which sub-Saharan African (SSA) countries are confronted with is the low level of investment. Yet, the theory of capital tells us that it is impossible to envisage development without a considerable accumulation of capital. An important channel through which those countries...
Persistent link: https://www.econbiz.de/10013050900
This study proposes an analytical framework towards behavioral political economy of institutional change. It considers institutional changes as central government’s choices under uncertainty, which are largely driven by the strategic outcomes in a behavioral coordination game between local...
Persistent link: https://www.econbiz.de/10010404541
-Saharan Africa. One important way of promoting development is to effectively transfer de facto power from a small group of political …
Persistent link: https://www.econbiz.de/10012990644