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Globalization, Institutions, and the Ethnic Divide: Recent Longitudinal Evidence
Wunnava, Phanindra V.; Mitra, Aniruddha; Prasch, Robert E. - Institute for the Study of Labor (IZA) - 2012
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...
Persistent link: https://www.econbiz.de/10011279247
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Women's Rights and Development
Fernández, Raquel - C.E.P.R. Discussion Papers - 2009
Why has the expansion of women's economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...
Persistent link: https://www.econbiz.de/10008528542
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Property Rights and Economic Growth: Evidence from a Natural Experiment
Brunt, Liam - C.E.P.R. Discussion Papers - 2007
In 1795 the British took control of the Cape colony (South Africa) from the Dutch; and in 1843 they exogenously changed the legal basis of landholding, giving more secure property rights to landholders. Since endowments and other factors were held constant, these changes offer clean tests of the...
Persistent link: https://www.econbiz.de/10005067510
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The Resource Curse: A Corporate Transparency Channel
Durnev, Artyom; Guriev, Sergei - C.E.P.R. Discussion Papers - 2007
We propose and investigate a new channel through which the resource curse - a stylized fact that countries rich in natural resources grow slower - operates. Predatory governments are more likely to expropriate corporate profits in natural-resource industries when the price of resources is...
Persistent link: https://www.econbiz.de/10005504390
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Legal Institutions and Economic Development
Beck, Thorsten - C.E.P.R. Discussion Papers - 2010
Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in...
Persistent link: https://www.econbiz.de/10008784706
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A Model of Equilibrium Institutions
Guimarães, Bernardo; Sheedy, Kevin D. - C.E.P.R. Discussion Papers - 2012
Institutions that serve the interests of an elite are often cited as an important reason for poor economic performance. This paper builds a model of institutions that allocate resources and power to maximize the payoff of an elite, but where any group that exerts sufficient fighting effort can...
Persistent link: https://www.econbiz.de/10011084465
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Legal Institutions and Economic Development
Beck, Thorsten - Tilburg University, Center for Economic Research - 2010
Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in...
Persistent link: https://www.econbiz.de/10011091987
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Legal Institutions, Innovation and Growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - C.E.P.R. Discussion Papers - 2011
change is needed. The rigid system is preferable at early stages of technological development, when (lack of) commitment …
Persistent link: https://www.econbiz.de/10009148877
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Resistance to Technology Adoption: The Rise and Decline of Guilds
Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2013
This paper analyzes the decision of a group of specialized workers to form a guild and block the adoption of a new technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market size: for small markets, firm profits are insufficient...
Persistent link: https://www.econbiz.de/10011083603
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Economic Reform in Europe: Integrating and Liberalizing the Market for Services
Newbery, David M G - C.E.P.R. Discussion Papers - 2002
risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition …. Restructuring is problematic, requiring forceful competition authorities with a clear agenda to achieve desirable structural reforms …. Finally, proactive competition policies will be necessary to resist the powerful forces for vertical and horizontal …
Persistent link: https://www.econbiz.de/10005661538