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Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2002

Botswana has had the highest rate of per capita growth of any country in the world in the last 35 years. This occurred despite adverse initial conditions, including minimal investment during the colonial period and high inequality. Botswana achieved this rapid development by following orthodox...

Persistent link: https://www.econbiz.de/10005661844

The Clan and the City: Sustaining Cooperation in China and Europe

Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2012

Over the last millennium, the clan and the city have been the locus of cooperation in China and Europe respectively …

Persistent link: https://www.econbiz.de/10011084470

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …

Persistent link: https://www.econbiz.de/10008468688

The New Comparative Economics

Djankov, Simeon; Glaeser, Edward L; López-de-Silanes, … - C.E.P.R. Discussion Papers - 2003

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand...

Persistent link: https://www.econbiz.de/10005067517

Endogenous Political Institutions

Aghion, Philippe; Alesina, Alberto F; Trebbi, Francesco - C.E.P.R. Discussion Papers - 2002

A fundamental aspect of institutional design is how much society chooses to delegate unchecked power to its leaders. If, once elected, a leader cannot be restrained, society runs the risk of a tyranny of the majority, if not the tyranny of a dictator. If a leader faces too many ex post checks...

Persistent link: https://www.econbiz.de/10005792058

Soft Budget Constraint Theories: From Centralization to the Market

Maskin, Eric; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2001

This Paper surveys the theoretical literature on the effect of soft budget constraints (SBC) on economies in transition from centralization to capitalism; it also reviews our understanding of SBC in general. It focuses on the conception of the SBC syndrome as a commitment problem. We show that...

Persistent link: https://www.econbiz.de/10005667038

Decentralization and Political Institutions

Enikolopov, Ruben; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2003

Does fiscal decentralization result in more efficient governance and higher economic growth? This Paper empirically tests the hypothesis posed by theoretical literature that the effect of economic decentralization depends on features of the political institutions. Using data from 95 countries...

Persistent link: https://www.econbiz.de/10005791475

Political Institutions and Policy Choices: Evidence from the United States

Besley, Timothy J.; Case, Anne - C.E.P.R. Discussion Papers - 2002

A rich array of institutional diversity makes the United States an excellent place to study the relationship between political institutions and public policy outcomes. This Paper has three main aims. First, it reviews existing empirical evidence on the relationship between institutional rules,...

Persistent link: https://www.econbiz.de/10005498200

The Break up of Nations: A Political Economy Analysis

Bolton, Patrick; Roland, Gérard - C.E.P.R. Discussion Papers - 1995

This paper analyses the tendency for nations to break up as a result of a trade-off between the aggregate efficiency losses from separation and the redistributive gains to the majority, which can occur in all regions, even when there are no transfers across these regions. We show that...

Persistent link: https://www.econbiz.de/10005661906

Financial Institutions and the Wealth of Nations: Tales of Development

Tong, Jian; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2004

Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The effectiveness of...

Persistent link: https://www.econbiz.de/10005124401

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