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The Growth Effects of Institutional Instability

Berggren, Niclas; Bergh, Andreas; Bjørnskov, Christian - Ratioinstitutet - 2009

Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...

Persistent link: https://www.econbiz.de/10005245150

The dominant Law and Economics paradigm regarding “Intellectual Property" – a vehicle or an obstacle for innovation, growth and progress?

Salzberger, Eli - Ratioinstitutet - 2011

The term "intellectual property" is a relatively a modern term, first used in its current meaning when the UN established the World Intellectual Property Organization (WIPO) in 1967. Beforehand laws around the world protected various aspects of informational goods - inventions and creations -...

Persistent link: https://www.econbiz.de/10009322947

Government Size and Growth: Accounting for Economic Freedom and Globalization

Bergh, Andreas; Karlsson, Martin - Ratioinstitutet - 2009

Several recent studies have found a negative relation between government size and economic growth in rich countries. Since countries with big government have experienced above average improvements in both the Economic freedom index and the KOF globalization index, we argue that existing studies...

Persistent link: https://www.econbiz.de/10005642458

Constitutional Property Rights Protection and Economic Growth: Evidence from the Post-Communist Transition

Bjørnskov, Christian - Ratioinstitutet - 2012

Abstract: This paper seeks to estimate the economic growth effect of constitutional provisions for property rights protection. It does so using the unique situation in formerly communist countries in Central and Eastern Europe and the Caucasus where all but two introduced new constitutions after...

Persistent link: https://www.econbiz.de/10011095558

Does Social Cohesion Really Promote Reforms?

Andréasson, Hannes; Elert, Niklas; Karlson, Nils - Ratioinstitutet - 2013

This paper investigates whether social cohesion makes economic reforms more likely. First, we investigate whether social cohesion is a coherent concept by using a principal-component factor (PCF) analysis covering 16 indicators used to measure social cohesion in the previous literature for 40...

Persistent link: https://www.econbiz.de/10011095560

Capital Freedom, Financial Development and Provincial Economic Growth in China

Söderlund, Bengt; Gustavsson Tingvall, Patrik - Ratioinstitutet - 2014

the marketization of financial institutions and strengthening of legal and government institutions have a particularly …

Persistent link: https://www.econbiz.de/10011096120

Markets vs. Government when Rationality Is Unequally Bounded: Some Consequences of Cognitive Inequalities for Theory and Policy

Pelikan, Pavel - Ratioinstitutet - 2006

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource...

Persistent link: https://www.econbiz.de/10005196904

Interconnecting Ecolutionary, Institutional and Cognitive Economics: Six Steps towards Understanding the Six Links

Pelikan, Pavel - Ratioinstitutet - 2004

Many students of evolutionary, institutional, and cognitive economics have been aware that important links among these fields exist, and several authors have worked on bringing these links to light. Nevertheless, large parts of these links still remain poorly understood. Low interest in...

Persistent link: https://www.econbiz.de/10005196905

The Institutions of Economic Freedom and Entrepreneurship: Evidence from Panel Data

Nyström, Kristina - Ratioinstitutet - 2008

This paper provides new evidence on the determinants of entrepreneurship across countries. The paper investigates the relationship between the institutional setting, in terms of economic freedom, and entrepreneurship, as measured by self-employment in a panel data setting covering 23 OECD...

Persistent link: https://www.econbiz.de/10005771027

Bringing Institutions Into Evolutionary Economics: Another View with Links to Changes in Physical and Social Technologies

Pelikan, Pavel - Ratioinstitutet - 2003

Like Nelson (2002), I make a case for bringing institutions into evolutionary economics. But unlike Nelson, who defines … institutions as social technologies consisting of rules-routines, I define them in agreement with North (1990) as humanly devised … communicating with modern institutional analysis, for clarifying how institutions can influence, and be influenced by, changes in …

Persistent link: https://www.econbiz.de/10005419159