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measure the single dimensions affects economic growth. The results show that over all, institutions promote growth in long run …
Persistent link: https://www.econbiz.de/10008567670
The role of institutions in promoting economic growth and development has generated considerable interest among … researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM … econometric model. Specifically it attempted to test impact of two dimensions of institutions on growth using recently developed …
Persistent link: https://www.econbiz.de/10008567678
We present and test empirically a new theory of property and contract rights. Any incentive an autocrat has to respect such rights comes from his interest in future tax collections and national income and increases with his planning horizon. We find a compelling empirical relationship between...
Persistent link: https://www.econbiz.de/10008685583
in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970 …-2010 we find that the growth effects of property rights increase when political power is divided among more veto players. When … political parties), we further find that the growth effects of property rights are driven mainly by checks on the chief …
Persistent link: https://www.econbiz.de/10011112508
Zak & Knack (2001) demonstrate that interpersonal trust substantially impacts economic growth, and that sufficient … for trust-raising policies when policy-makers seek to stimulate economic growth. Policies examined include those that … increase freedom of association, build civic cultures, enhance contract enforcement, reduce income inequality, and raise …
Persistent link: https://www.econbiz.de/10008642680
The study of inequality and economic growth to the developing countries are now a days a comprehensive issue since … growth stimulate the standard of living to the poor people and accordingly reduce income inequality.The improvement of … inequality and growth may reduce the social movement to the government and may keep the economic and social integrity amongst the …
Persistent link: https://www.econbiz.de/10009372578
This analytical review explores the links between growth, poverty and inequality in Sudan for the period 1956 … GDP per capita growth- and inequality as measured by Gini coefficient (the growth, inequality and poverty triangle …) whether growth, inequality and poverty are cointegrated, ii( whether growth Granger causes inequality, iii) and whether …
Persistent link: https://www.econbiz.de/10009647456
Corruption increases inequality in the society (Gupta et al, 1998) by reducing economic growth, biasing the tax system … then as democracy grows corruption decreases. The purpose of this paper is to examine the relationship between inequality … and democracy in two directions, both the effect of democracy on inequality and the effect of inequality on democracy. It …
Persistent link: https://www.econbiz.de/10008695054
heterogeneity. As is well known, heterogeneity in time preference results in substantial inequality. This paper shows that, even if … households have heterogeneous preferences, there is a balanced growth path on which all the optimality conditions of all … heterogeneity may more correctly measure people’s “happiness.” However, it also indicates that inequality is necessary for …
Persistent link: https://www.econbiz.de/10008493034
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …
Persistent link: https://www.econbiz.de/10005649774