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Institutional interactions and economic growth: The joint effects of property rights, veto players and democratic capital

Justesen, Mogens K.; Kurrild-Klitgaard, Peter - Volkswirtschaftliche Fakultät, … - 2013

We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...

Persistent link: https://www.econbiz.de/10011112508

Empowerment as a zero-sum game

Knack, Stephen - Volkswirtschaftliche Fakultät, … - 2004

Empowerment of the poor does not necessarily make them better off – or make the non-poor worse off. In some cases, empowerment may be inefficient, i.e. a negative-sum game. In other cases, it is a zero-sum game, as the poor can benefit only at the expense of someone else. But in many cases, it...

Persistent link: https://www.econbiz.de/10008805840

Globalization, Institutions, and the Ethnic Divide: Recent Longitudinal Evidence

Wunnava, Phanindra V.; Mitra, Aniruddha; Prasch, Robert E. - Institute for the Study of Labor (IZA) - 2012

This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...

Persistent link: https://www.econbiz.de/10011279247

Democratization, Quality of Institutions and Economic Growth

Polterovich, Victor; Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2007

There are two innovations in the paper as compared to the previous literature on democracy and growth. First, we … consider not only the level of democracy, but also changes in this level in the 1970s-1990s as measured by increments of … Freedom House political rights indices. Second, the distinction is made between democracy and law and order (order based on …

Persistent link: https://www.econbiz.de/10008543528

Democracy and Growth Reconsidered: Why Economic Performance of New Democracies is not Encouraging

Polterovich, Victor; Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2005

level of democracy is taken into account, but also changes in this level in the 1970s-1990s as measured by the political … rights indices of the Freedom House. Second, the distinction is made between the rule of law and democracy, the rule of law …

Persistent link: https://www.econbiz.de/10008543783

Демократизация и экономический рост

Polterovich, Victor; Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2007

Persistent link: https://www.econbiz.de/10008494207

The Economics of Young Democracies: Policies and Performance

Kapstein, Ethan; Converse, Nathan - Volkswirtschaftliche Fakultät, … - 2006

Since the “third wave” of democratization began in 1974, nearly 100 states have adopted democratic forms of government, including, of course, most of the former Soviet bloc nations. Policy-makers in the west have expressed the hope that this democratic wave will extend even further, to the...

Persistent link: https://www.econbiz.de/10005622029

Income Concentration, Instability of Democracy and the Economic Growth

Polterovich, Victor; Popov, Vladimir; Tonis, Alexander - Volkswirtschaftliche Fakultät, … - 2009

regimes and increases the chances of return to authoritarianism. The instability of democracy also leads to the deterioration … theoretic model that demonstrates instability of democracy under poor institutions and high income inequality. …

Persistent link: https://www.econbiz.de/10008764698

Do Democracies Grow Faster? Revisiting the Institutions and Economic Performance Debate

Lim, Jamus Jerome; Decker, Jessica Henson - Volkswirtschaftliche Fakultät, … - 2007

The recent empirical growth literature has proposed three underlying fundamental determinants of economic growth, namely, physical geography, economic integration, and institutional quality. This paper unpacks the final determinant into both political-economic institutions as well as the...

Persistent link: https://www.econbiz.de/10005836612

Are All Democracies Equally Good? The Role of Interactions between Political Environment and Inequality for Rule of Law

Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - Institute for the Study of Labor (IZA) - 2007

Using cross-country data, we find evidence for a significant negative interaction effect between democracy and … inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with …

Persistent link: https://www.econbiz.de/10005703417