This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern … based on an adequate legal system it can positively contribute to economic growth. However, the financial system in CEE …

institutions devised to discourage it. The analytical framework used to explore the symmetric tragedies of the commons and the … and it can be discouraged by the introduction of competition among corrupt agents to turn it into a tragedy of the commons …

We explore commons problems when agents have access to capital markets. The commons has a high intrinsic rate of return … are secure. In a two period model, we assess the consequences of market access for the commons' survival and welfare; we … strategic, extinction dates are unique. Strategic agents generally earn their surplus by delaying the commons' extinction; in …

We study extinction in a commons problem in which agents have access to capital markets. When the commons grows more … quickly than the interest rate, multiple equilibria are found for intermediate commons endowments. In one of these, extinction …' equilibrium, increases it in the other equilibrium in which the commons is eventually depleted, and expands the set of commons …

changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …

We set up a unified growth model capturing the transition of a primitive and egalitarian hunter-gatherer society, into … human capital productivity and pushing the economy to sustained growth: an industrial revolution. Allowing also for a …

institutions also influences economic growth and the ability of a country to attract trade and foreign direct investment …