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institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …. Consequently, when institutions of FSU and sub-Saharan countries develop to the point they become attractive to traders and … commit credibly to increasing capacities of their state institutions with a view to supporting property-based rule of law and …
Persistent link: https://www.econbiz.de/10005076830
the market as institutions for organizing production in a dynamic, general equilibrium model with increasing returns to …
Persistent link: https://www.econbiz.de/10005547940
The paper develops a dynamic, general equilibrium model of specialization-driven growth in which the private cost of coordinating among specialists is a function of public expenditure on physical and institutional infrastructure. Growth is characterized by endogenous increases in labor...
Persistent link: https://www.econbiz.de/10005547942
recipient's level of income or quality of institutions and policies; we find that short-impact aid causes growth, on average … with stronger institutions or longer life expectancies (better health). We also find a significant negative relationship …
Persistent link: https://www.econbiz.de/10005408143
In a simple theoretical framework, the quality of institutions affects individual’s investment decisions, and hence … income levels and distribution. When institutions deteriorates and inequalities increase, the incumbent undertakes … redistributive taxation to maintain political support. The quality of institutions and the extent of redistribution depend on the …
Persistent link: https://www.econbiz.de/10005412490
This article aims at supplying an interpretative frame of the long-term Malagasy trajectory by redrawing the structuring knots of its political economy. The concomitance of periods of economic expansion and political crises leash indeed to suppose that one of the essential sources of the...
Persistent link: https://www.econbiz.de/10011122205
This paper studies the co-movements of unemployment and labor productivity growth for the U.S. economy. Measures of co …
Persistent link: https://www.econbiz.de/10005126134