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highlighted in literature : institutions and geography. However, it remains controversial as to which of these two is the more … important. The Institutions school assigns primal importance to institutions, whereas the Geography school considers … their hypotheses. It concludes in favour of the Institutions hypothesis as the Geography school does not provide a …
Persistent link: https://www.econbiz.de/10009363568
This paper seeks to explore the relationship between economic growth and governance performance in Asian developing economies. This exploration yields some interesting conclusions. First, notwithstanding its tremendous economic achievements, the state of governance in Asia is not stellar by...
Persistent link: https://www.econbiz.de/10009363600
: culture; corruption; and institutions. The last offers the most convincing explanation for mediocre growth. Hence, to raise … corruption; and above all, focused and sustained development of functional capitalistic institutions. …
Persistent link: https://www.econbiz.de/10009363616
Persistent link: https://www.econbiz.de/10009363683
This paper reviews and highlights lessons from the stabilisation and reform programme that Thailand, Malaysia and Korea implemented in response to the 1997 crisis. The three countries rapid recovery from a deep economic downturn in 1998 and their reduced vulnerability to balance of payments...
Persistent link: https://www.econbiz.de/10009363686
The paper studies the post-Asian crisis investment performance of crisis affected countries in ASEAN. The empirical evidence clearly indicates that the ASEAN and East Asian countries are emerging from the Asian crisis with strong output growth. As expected, the output growth seems to be driven...
Persistent link: https://www.econbiz.de/10009363697
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Persistent link: https://www.econbiz.de/10009363709
Persistent link: https://www.econbiz.de/10009363712
This paper explores the long-run relationship between institutions and wage outcomes in Europe and its periphery. I … ratio. While the first result corroborates existing work on the positive growth effects of better institutions, the second … finding is more novel to the literature. Some explanations are proposed for how stronger institutions can cause an increase in …
Persistent link: https://www.econbiz.de/10009363722