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Human capital and corruption: a microeconomic model of the bribes market with democratic contestability

Vieira, Pedro Cosme Costa; Teixeira, Aurora A.C. - Faculdade de Economia, Universidade do Porto - 2006

, namely that (1) in a democracy the level of corruption is lower than in an autocracy, although still positive, that (2) in … of which depends on the actions of public authorities who may be susceptible to corruption. Thus, a new market emerges … maximize the gains that can be expected from bribes. We model this behaviour for an autocracy versus a democracy, using a …

Persistent link: https://www.econbiz.de/10005031583

Democracy and Economic Development: a Fuzzy Classification Approach

Brochado, Ana Margarida Oliveira; Martins, Francisco … - Faculdade de Economia, Universidade do Porto - 2005

The aim of this work is to (1) analyse whether countries differ on political indicators (democracy, rule of law …, government effectiveness and corruption) and (2) study whether countries with different political profiles are associated with … evidence of a positive but not perfect relationship between democracy and economic and human development is observed, thus …

Persistent link: https://www.econbiz.de/10005032789

A survey of literature on the resource curse: critical analysis of the main explanations, empirical tests and resource proxies

Torres, Nuno; Afonso, Óscar; Soares, Isabel - Faculdade de Economia, Universidade do Porto - 2013

This paper presents a survey of literature on the `resource curse', a puzzling empirical result that associates natural resource riches with lower economic growth. We show the main theories that attempt to explain the curse ? ranging from the structuralist theses of the 1950s to recent and more...

Persistent link: https://www.econbiz.de/10010617852

Manufacturing skill-biased wage inequality, natural resources and institutions

Torres, Nuno; Afonso, Óscar; Soares, Isabel - Faculdade de Economia, Universidade do Porto - 2013

We use an extensive dataset on occupational wages to measure the manufacturing skill premium and evaluate the importance of the main drivers in literature plus the effects of natural resources and institutions. Results, regarding a panel of 21 countries between 1987 and 2003, suggest the...

Persistent link: https://www.econbiz.de/10010895374

Natural resources, economic growth and institutions – a panel approach

Torres, Nuno; Afonso, Óscar; Soares, Isabel - Faculdade de Economia, Universidade do Porto - 2009

This study re-evaluates the impact of natural resources on growth using panel data and a factor-efficiency accounting framework. The resource-curse thesis is dismissed as capital efficiency is improved by geographically-concentrated natural resources, which hinder institutional quality in recent...

Persistent link: https://www.econbiz.de/10008476411

Geographic oil concentration and economic growth – a panel data analysis

Torres, Nuno; Afonso, Óscar; Soares, Isabel - Faculdade de Economia, Universidade do Porto - 2009

Given a panel of oil producing countries, we show that a higher oil concentration is associated with an increase in economic growth through capital efficiency in: (i) countries with medium and low income per head from East Asia & Pacific and Latin America & the Caribbean, classified as followers...

Persistent link: https://www.econbiz.de/10008495872

The connection between oil and economic growth revisited

Torres, Nuno; Afonso, Óscar; Soares, Isabel - Faculdade de Economia, Universidade do Porto - 2010

This study shows that the cross-section “curse” result found with oil abundance indicators for producing countries disappears in a panel estimation considering the most important growth factors. This happens even excluding institutional quality, which is hindered by oil and ores abundance in...

Persistent link: https://www.econbiz.de/10008458568

Re-evaluating the impact of natural resources on economic growth

Torres, Nuno; Afonso, Oscar - Faculdade de Economia, Universidade do Porto - 2008

In this study we re-evaluate the impact of natural resources on economic growth. The reassessment is based on a growth model where, using panel-data analysis, natural-resource variables (geographically diffused and concentrated) affect the efficiency gains of labour and capital in production. We...

Persistent link: https://www.econbiz.de/10005059460

A Meta-Analytic Assessment of the Effects of Inequality on Growth

Neves, Pedro; Silva, Sandra; Afonso, Óscar - Faculdade de Economia, Universidade do Porto - 2012

Over the last two decades there has been a growing interest in determining the impact of inequality on growth. The empirical literature has, however, produced controversial results regarding both the signal and the magnitude of such impact. This paper develops a meta-analysis on this literature...

Persistent link: https://www.econbiz.de/10010598121

Industry Localization, Distance Decay, and Knowledge Spillovers: Following the Patent Paper Trail

Figueiredo, Octávio; Guimarães, Paulo; Woodward, Douglas - Faculdade de Economia, Universidade do Porto - 2014

This paper investigates the hypothesis that knowledge spillovers increase where industries are localized. At the same time, we take a fresh look at the role of distance in knowledge diffusion. Our unique database combines U.S. county-level patent citation data with county-level establishment and...

Persistent link: https://www.econbiz.de/10010842625