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This paper provides an analytic review of selected contributions to the study of institutions and economic growth. We …, Johnson and Robinson. We discuss the work of Rodrik and others who focus on institutions and institutional reform and take … new theoretical frameworks by North, Wallis and Weingast and Khan that relate the structure of institutions to short …
Persistent link: https://www.econbiz.de/10010856392
some evidence which suggests that foreign owned firms located in countries with `good' institutions invest relatively more. …
Persistent link: https://www.econbiz.de/10010856457
This paper analyzes periods of economic stagnation in a panel of countries. We test if stagnation episodes are predicted by institutional factors and external/internal shocks, as is implied by recent theoretical contributions, and compare the impacts of these variables with those of traditional...
Persistent link: https://www.econbiz.de/10010856459
institutions before the crisis hits and, interestingly, of positive reforms thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …
Persistent link: https://www.econbiz.de/10010856482
property rights, contracting, and competition institutions is positively related to an increase in the level of credit to the …
Persistent link: https://www.econbiz.de/10010712049
's institutions by the degree of formalization of its regulations, the depersonalization of their implementation, and by the degree of … endogeneity in the data and/or by bias. In addition, we find evidence of a strong relationship between institutions and income … levels; however, we find no such evidence on growth rates. We find mixed evidence for a relationship between institutions and …
Persistent link: https://www.econbiz.de/10010712080
Since 1950, there has been considerable diversity in developing country experiences. Some countries and some regions have experienced rapid growth and catch up, others have fallen behind. At a global level there is an increasing inequality of per capita incomes. However, within the framework of...
Persistent link: https://www.econbiz.de/10010856304
This study distinguishes between industrial policy that stimulates incumbent industry development, `pro-business policy', and industrial policy that promotes the development of free markets, `pro-market policy'. We find that there is a positive relation between the level of countries'...
Persistent link: https://www.econbiz.de/10010712281
This paper provides a review and synthesis of the findings of the second phase of a research project on institutions … institutional characteristics and the duration of economic slumps; (2) the relative importance for growth of institutions, trade … openness and geography; (3) the determinants and consequences of state capacities; (4) the interactions between institutions …
Persistent link: https://www.econbiz.de/10010856310
National framework conditions mediate the effect of technological capabilities of firms on their productivity. Although this has been recognized in the literature for a long time, a quantitative test that explicitly considers this hypothesis has been lacking. Using a World Bank datasets of about...
Persistent link: https://www.econbiz.de/10010856344