Showing 1 - 10 of 100
We use a North-South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is...
Persistent link: https://www.econbiz.de/10005123684
evaluate separately the impact of political institutions linked to democracy and suffrage and of those institutions more …
Persistent link: https://www.econbiz.de/10005124196
The governments of nearly all countries are major providers of primary and secondary education to their citizens. In some countries, however, public schools coexist with private schools, while in others the government is the sole provider of education. In this study, we ask why different...
Persistent link: https://www.econbiz.de/10005124295
We use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to … but bring future prosperity. We test these hypotheses, using data on micro-economic reforms from the World Bank’s Doing … institutions. The results provide a robust support for the claim that democracy is good for growth-enhancing reforms. …
Persistent link: https://www.econbiz.de/10005124381
parametric estimates may have seriously underestimated the growth effects of democracy. In particular, we find an average … negative effect on growth of leaving democracy on the order of -2 percentage points implying effects on income per capita as …
Persistent link: https://www.econbiz.de/10005124474
that affect conflict, including measures of trade and democracy. …
Persistent link: https://www.econbiz.de/10005061475
There are many well developed theories which explain why governments redistribute income. There are very few theories, however, which can explain why this redistribution often takes an inefficient form. In this paper we develop a theory of why redistribution is made inefficiently. Inefficient...
Persistent link: https://www.econbiz.de/10005067380
As the performance of long-term projects is not observable in the short run politicians may pander to public opinion. To solve this problem, we propose a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is...
Persistent link: https://www.econbiz.de/10005067506
world starting from the 19th century. The impact of the original, exogenously-given laws on international migration proves … establishment of democracy, the welfare burden, cultural factors and colonial history. …
Persistent link: https://www.econbiz.de/10005114217
also when controlling for possible endogeneity of liberalization in growth. (2) Democracy encourages liberalization … - countries which introduced greater democracy subsequently progress further in economic liberalization too. (3) Because of its … reinforcing effect on liberalization, democracy has a positive overall impact on growth. Nevertheless, the marginal effect of …
Persistent link: https://www.econbiz.de/10005114240