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respond to incentives but are also influenced by norms of good conduct inherited from earlier generations. Parents rationally …
Persistent link: https://www.econbiz.de/10005249467
eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor …
Persistent link: https://www.econbiz.de/10005013942
Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture … individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as … instruments: the literacy rate at the end of the XIXth century, and the political institutions in place over the past several …
Persistent link: https://www.econbiz.de/10005406158
, adjusting population to economic trends, or sustaining beneficial cultural norms. European economic success was not caused by …
Persistent link: https://www.econbiz.de/10010659185
This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …
Persistent link: https://www.econbiz.de/10008671713
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …
Persistent link: https://www.econbiz.de/10010681216
We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The Japanese land price bubble and banking trouble in the late 1980s and early 1990s serve as a quasi natural experiment to identify two possible transmission channels from financial...
Persistent link: https://www.econbiz.de/10011205374
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …
Persistent link: https://www.econbiz.de/10010877698
Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International …
Persistent link: https://www.econbiz.de/10010877712
This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth … that private-order institutions have not historically substituted for public-order ones in enabling markets to function …, clarify the growth effects of other institutions, including contract-enforcement mechanisms, guilds, communities, serfdom, and …
Persistent link: https://www.econbiz.de/10010877727