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Internet development holds the promise of transmitting economic value across physical space at zero marginal cost. In such a 'weightless economy', what factors matter for the location of economic activity and thus for economic development? This paper sketches a model of spatial dynamics over a...
Persistent link: https://www.econbiz.de/10005791414
This Paper analyses the incentives that operators have to invest in facilities with different levels of quality. A network of better quality is more expensive but may give an important edge to an operator when competing against a rival. We extend the framework of Armstrong-Laffont-Rey-Tirole by...
Persistent link: https://www.econbiz.de/10005504675
The purpose of this article is to investigate the prospects for entry into an existing network in the telecommunication …
Persistent link: https://www.econbiz.de/10005792516
This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions …, such as elections. We collect new data to document the presence of voluntary and social organizations and the history of … elections. These results support the view that social capital complements democratic institutions such as elections. …
Persistent link: https://www.econbiz.de/10011213313
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10009225960
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts …
Persistent link: https://www.econbiz.de/10009283392
-9), as well as the impact of voting registration on education outcomes at different points in time, namely in 1917 and in the …-2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …
Persistent link: https://www.econbiz.de/10009321839
This paper surveys the evidence on the effectiveness of monetary transmission in developing countries. We summarize the arguments for expecting the bank lending channel to be the dominant means of monetary transmission in such countries, and present a simple model that suggests why this channel...
Persistent link: https://www.econbiz.de/10009322980
public input character of physical infrastructure and institutions, and uses an O-ring production function to model the … improvements are likely to be modest relative to the scale of impact implied by aggregate-level studies of the role of institutions …
Persistent link: https://www.econbiz.de/10008468531
excessively focused on original colonial institutions and their lasting effects, and for neglecting to some extent how these … institutions changed in relation to a profound transformation in international relations and technological environments, as …
Persistent link: https://www.econbiz.de/10008468602