investigate the effects of corporatism on macroeconomic performance vis-à-vis different kinds of non-co-operative equilibria …. Afterwards, we introduce in the literature the issue of the feasibility of corporatism, i.e., whether and under what conditions … difficult to implement corporatism, although it generally increases social welfare, since it often reduces the union’s utility …

This paper investigates the effects of cooperation (corporatism) on macroeconomic performance by considering a rather … the Nash product solution. We find that it is difficult to implement corporatism, although it generally increases social …

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 …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

The current research emphasis on institutions as key determinants of economic performance, rather than on resources and … resource productivity, has uncovered important questions for further research. For example, if institutions are central to … institutions? What specific aspects of institutions are responsible for economic performance? This paper suggests that two broad …

The current research emphasis on institutions as key determinants of economic performance has uncovered important … questions for further research. For example, if institutions are central to economic performance, then what explains observed … differences in performance across parts of one economy sharing similar institutions? This paper suggests that two broad aspects of …