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Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …
Persistent link: https://www.econbiz.de/10005118909
associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …
Persistent link: https://www.econbiz.de/10005125614
Natural resources in sub-Saharan Africa suffer from a bad reputation. Oil and diamonds, particularly, have been blamed for a number of Africa’s illnesses such as poverty, corruption, dictatorship and war. This paper outlines the different areas and transmission channels of how this so-called...
Persistent link: https://www.econbiz.de/10005125845
from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …
Persistent link: https://www.econbiz.de/10005126217
technology catch-up across countries. Empirical evidence shows how countries endowed with better institutions are those … to catch-up. Some institutions, however, play an ambiguous role in the creation and adoption of technology. We find that …
Persistent link: https://www.econbiz.de/10004997390
History tells that institutions evolve gradually over time, pushing new ideas across borders and cultures …. Globalisation is argued to accelerate this process. We examine the spatial links of different political institutions across borders … diffusion of institutions seems to occur only gradually. …
Persistent link: https://www.econbiz.de/10005006743
distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …
Persistent link: https://www.econbiz.de/10005062436
institutions. The study conducts a literature review on the theoretical and empirical works of economic growth, with emphasis in …
Persistent link: https://www.econbiz.de/10005062522
of the reason may be related to the interaction between weak institutions and trade. In particular, I construct a model … in which trade opening in societies with weak institutions (in particular autocratic and elite-controlled political …
Persistent link: https://www.econbiz.de/10005069308
marriage and birthing, the model can be calibrated using aggregate data. Fifth, the model permits an analysis of institutions …
Persistent link: https://www.econbiz.de/10005069345