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Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co …-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price …
Persistent link: https://www.econbiz.de/10008479234
institutions that foster the emergence of competence blocs and the creation of HGFs. In particular, our analysis points to the …. Finally, we characterize institutions beneficial for sclerotic or dynamic capitalism, respectively, depending on whether they …
Persistent link: https://www.econbiz.de/10005645380
This paper presents a survey of the literature on property rights and economic growth. It discusses different theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in slow economic growth through different channels:...
Persistent link: https://www.econbiz.de/10005645396