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Rule of Law, Democracy, Openness and Income: Estimating the Interrelationships

Rigobon, Roberto; Rodrik, Dani - C.E.P.R. Discussion Papers - 2004

We estimate the interrelationships among economic institutions, political institutions, openness, and income levels … openness and better institutions, but these effects are not very strong. Rule of law and democracy tend to be mutually …

Persistent link: https://www.econbiz.de/10005666734

On the Efficacy of Reforms: Policy Tinkering, Institutional Change and Entrepreneurship

Iyigun, Murat; Rodrik, Dani - C.E.P.R. Discussion Papers - 2004

We analyse the interplay of policy reform and entrepreneurship in a model where investment decisions and policy outcomes are both subject to uncertainty. The production costs of non-traditional activities are unknown and can only be discovered by entrepreneurs who make sunk investments. The...

Persistent link: https://www.econbiz.de/10005791665