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Mere Libertarianism: Blending Hayek and Rothbard

Klein, Daniel - Ratioinstitutet - 2003

As many have argued, libertarianism as idea and movement contains strands that often conflict, beg questions, or try our sensibilities. There are multiple libertarianisms. Two leading theorists of modern libertarianism are Friedrich Hayek and Murray Rothbard. Both pupils of Ludwig von Mises,...

Persistent link: https://www.econbiz.de/10005642442

Economic Freedom and Institutional Convergence

Elert, Niklas; Halvardsson, Daniel - Ratioinstitutet - 2012

institutions, drawing on the literatures of economic convergence and of industrial organization. We use the Economic Freedom of the … World-index over the period 1970-2009 to proxy for economic institutions. Our results indicate that countries with lower …-quality institutions is high in the long-run. These findings support Fukuyama's prediction. …

Persistent link: https://www.econbiz.de/10011096137

Institutional Ownership and Returns on Investment

Bjuggren, Per-Olof; Eklund, Johan; Wiberg, Daniel - Ratioinstitutet - 2013

This paper examines how institutional investors influence investment decisions and returns on investment. To measure investment performance we used a measure of marginal q which measures the ratio of the investment returns to cost of capital. Institutional owners are found to have had a positive...

Persistent link: https://www.econbiz.de/10011095552

Dynamic Effects of Institutions on Firm-Level Exports

Söderlund, Bengt; Gustavsson Tingvall, Patrik - Ratioinstitutet - 2012

institutions are a greater obstacle to trade than are tariffs. Using detailed firm-level data, we analyze how institutional quality … in recipient countries affects exports by Swedish firms. Our results suggest that weak institutions hamper exports and …

Persistent link: https://www.econbiz.de/10011095561

The Dynamics of Offshoring and Institutions

Heyman, Fredrik; Gustavsson Tingvall, Patrik - Ratioinstitutet - 2012

Previous research has recognized that weak institutions can hamper investments and alter patterns of trade. However … between institutional quality and offshoring. The results suggest that weak institutions are negatively related to offshoring …

Persistent link: https://www.econbiz.de/10011095567

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

Nyström, Kristina - Ratioinstitutet - 2008

includes five aspects: size of government, legal structure and security of property rights, access to sound money, freedom to … government sector, better legal structure and security of property rights and less regulation of credit, labour and business tend …

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

The Determinants of Trust

Bjørnskov, Christian - Ratioinstitutet - 2006

During the last 15 years, the social capital literature has grown rapidly. In particular after Robert Putnam’s (1993) study of regional governments in Italy, the interest among economists and politologists exploded as Putnam showed that the concept could be used in quantitative explanations of...

Persistent link: https://www.econbiz.de/10005642413

Ulysses and the Rent-Seekers: The Benefits and Challenges of Constitutional Constraints on Leviathan

Kurrild-Klitgaard, Peter - Ratioinstitutet - 2005

. A constitutionally constrained government may be viewed as an attractive arrangement in that it may limit the rent-seeking behavior by narrowly motivated special interest groups and instead support policies of a Pareto-improving character. However, the introduction of constitutional...

Persistent link: https://www.econbiz.de/10005642440

Institutional Ownership and the Returns on Investment

Bjuggren, Per-Olof; Eklund, Johan; Wiberg, Daniel - Ratioinstitutet - 2008

By examining a large number of Swedish listed firms, we analyse how institutional and foreign owners affect investment performance. To measure investment performance Mueller and Reardon’s (1993) marginal q is used, although derived directly from Tobin’s average q. Marginal q measures the...

Persistent link: https://www.econbiz.de/10005642441

Institutionerna, företagandet och tillväxten

Henrekson, Magnus; Johansson, Dan - Ratioinstitutet - 2002

Utgångspunkten i denna uppsats är att ekonomisk tillväxt och allmänt välstånd kan betraktas som ett resultat av att kunskap om hur nya och bättre varor och tjänster kan produceras allt effektivare byggs upp och tas i bruk. Detta sker inom ramen för kompetensblock, vilka definierar den...

Persistent link: https://www.econbiz.de/10005642444