Showing 1 - 10 of 19
The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...
Persistent link: https://www.econbiz.de/10005792522
Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...
Persistent link: https://www.econbiz.de/10011084118
We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in education and on average human capital of the...
Persistent link: https://www.econbiz.de/10011201356
This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and...
Persistent link: https://www.econbiz.de/10005792066
institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …. Consequently, when institutions of FSU and sub-Saharan countries develop to the point they become attractive to traders and … commit credibly to increasing capacities of their state institutions with a view to supporting property-based rule of law and …
Persistent link: https://www.econbiz.de/10005076830
How and why does distant political and economic history shape the functioning of current institutions? This paper … (as opposed to limited) morality are widespread in societies that were ruled by non-despotic political institutions in the … distant past. Second, well functioning institutions are often observed in countries or regions where individual values are …
Persistent link: https://www.econbiz.de/10005067364
recipient's level of income or quality of institutions and policies; we find that short-impact aid causes growth, on average … with stronger institutions or longer life expectancies (better health). We also find a significant negative relationship …
Persistent link: https://www.econbiz.de/10005408143
In a simple theoretical framework, the quality of institutions affects individual’s investment decisions, and hence … income levels and distribution. When institutions deteriorates and inequalities increase, the incumbent undertakes … redistributive taxation to maintain political support. The quality of institutions and the extent of redistribution depend on the …
Persistent link: https://www.econbiz.de/10005412490
This article aims at supplying an interpretative frame of the long-term Malagasy trajectory by redrawing the structuring knots of its political economy. The concomitance of periods of economic expansion and political crises leash indeed to suppose that one of the essential sources of the...
Persistent link: https://www.econbiz.de/10011122205
Current orthodoxy suggests that the Industrial Revolution began in Europe because European institutions promoted …
Persistent link: https://www.econbiz.de/10005114184