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Europe a positive impulse towards the development of representative democracy. It shows that contemporary regimes are shaped …
Persistent link: https://www.econbiz.de/10012457474
Many empirical studies have found a positive relationship between openness and growth in per capita GDP in less developed countries, and economists have produced many explanations for this correlation. However, the existing studies are consistent with all of these theories and thus do not...
Persistent link: https://www.econbiz.de/10012472682
We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...
Persistent link: https://www.econbiz.de/10012469884
As measured by the pace of city growth in western Europe from 1000 to 1800. absolutist monarchs stunted the growth of …
Persistent link: https://www.econbiz.de/10012474688
time--total returns to the largest, but oft ignored, component of household wealth, housing. The annual data on total …
Persistent link: https://www.econbiz.de/10012453601
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the … average wealth accumulation rate of the retired elderly in Europe is positive though relatively moderate (6.6% over a 3-year …
Persistent link: https://www.econbiz.de/10013388826
(GATT) in promoting economic recovery and growth in Europe in the decade after World War II. The formation of the GATT does …
Persistent link: https://www.econbiz.de/10012473955
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10012458713
level over more than half a millennium. When the Black Death hit Europe in 1348-50, killing between one third and one half …
Persistent link: https://www.econbiz.de/10012461544
In recent years, there has been increasing interest in whether and how bureaucratic effectiveness contributes to development. Just what makes for an effective bureaucracy and what are the building blocks of state capacity remain subject to debate. This paper reviews the arguments connecting...
Persistent link: https://www.econbiz.de/10012616611