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Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
Persistent link: https://www.econbiz.de/10005067354
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...
Persistent link: https://www.econbiz.de/10011083828
consumption of richer households by 6.1 to 9.2 percent. We also find suggestive evidence that governance matters in the …
Persistent link: https://www.econbiz.de/10008468658
This Paper presents theory and evidence on the relationship between inequality and institutional quality. We exhibit a model in which the two dynamically reinforce each other and set to test this relationship with a broad array of institutional measures. We establish the double causality between...
Persistent link: https://www.econbiz.de/10005124033
properly designed - leniency may simultaneously provide an effective governance mechanism for occasional sequential illegal …
Persistent link: https://www.econbiz.de/10005124229
Using detailed Peruvian data measuring bribery, I assess which types of public official are most corrupt and why. I distinguish between the bribery rate and the size of bribes received, and seek to explain the variation in each across public institutions. The characteristics of officials'...
Persistent link: https://www.econbiz.de/10005136576
reciprocal exchange to lifetime employment, from relational governance to corruption/collusion. We study how agents …
Persistent link: https://www.econbiz.de/10005136656
Recent events in several countries have underscored the importance of good governance in private occupational pension …. Under complete contracting, governance can be shown to be neutral: DC and DB plans differ only on risk allocation. If …
Persistent link: https://www.econbiz.de/10005497828
-profit entrepreneurs: kings, lords, or mafia dons. Though self-governance is best for the population, it faces problems of long …
Persistent link: https://www.econbiz.de/10005504400
Using cross-country and Peruvian data, I show that victims of misfortune, particularly crime victims, are much more likely than non-victims to bribe public officials. Misfortune increases victims' demand for public services, raising bribery indirectly, and also increases victims' propensity to...
Persistent link: https://www.econbiz.de/10005504493