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Among economists, the view that precisely defined and reliably enforced property rights are generally conducive to economic growth has been quasi-unanimous. But recently, some authors have argued that the relationship is more complex than previously acknowledged: property rights reforms might,...
Persistent link: https://www.econbiz.de/10010662542
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts …
Persistent link: https://www.econbiz.de/10009283392
geography and these institutions, we posit, is via the effect of transparency on the state's extractive capacity. We apply our …
Persistent link: https://www.econbiz.de/10011083761
Social institutions were often founded by the elite to avoid social upheavals. Institutions helped mitigate the threat … cultural and social factors. The differences in Chinese and English social institutions explain why England became the first …
Persistent link: https://www.econbiz.de/10010659334
economics to demonstrate that the emergence of the institutions of financial governance is endogenous to the utility … generate both the formal and informal institutions and processes of governance such as regulation and dispute settlement. The …
Persistent link: https://www.econbiz.de/10008784732
economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …
Persistent link: https://www.econbiz.de/10010228513
The paper aims to assess the impact of regulations (measured by the Fraser Institute index of economic freedom) on economic growth in the world as well as in EU and post-socialist countries. The method of the analysis is based on growth regressions where economic freedom is included in the set...
Persistent link: https://www.econbiz.de/10011246183
, and about the effects of institutions, social structure, and culture on economic growth. We also outline challenges for …
Persistent link: https://www.econbiz.de/10014024286
This survey reviews the recent research on trust, institutions, and economic development. It discusses the various … recent progress to identify how institutions and policies can affect trust. …
Persistent link: https://www.econbiz.de/10014025609
The present economic and financial crisis is taking place at the climax of a period in which mainstream economic theory, on the one hand, and global financial liberalization on the other, had given credit once again to the self-regulatory ability of markets, which also seemed to find...
Persistent link: https://www.econbiz.de/10008475970