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have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that … ; property rights ; institutions ; economic growth ; development …
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This paper investigates the relative labor productivity level for total manufacturing in Germany, Sweden and the US for the period 1980-2001. The paper also presents estimates of labor productivity levels for 18 different manufacturing industries for the period 1993-2000. The results show that...
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delegation contract can be costly by illustrating how political institutions can generate inertia in recontracting, reduce the … certain institutions can mitigate or solve dynamic inconsistencies better than others. The paper points to institutions which …
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