Showing 1 - 10 of 1,079
institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …
Persistent link: https://www.econbiz.de/10010736742
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital accumulation. On the one side, education prompts economic...
Persistent link: https://www.econbiz.de/10012963389
Within the fundamental determinants of cross-country income inequality, ‘humanly devised' political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … (from a Gini of 0.525 to 0.521) but the portion that cannot be explained by political institutions has increased …
Persistent link: https://www.econbiz.de/10012962120
as growth models have been different. The major objective of this paper is to compare the policies, institutions …, policies and institutions since last three decades …
Persistent link: https://www.econbiz.de/10012995197
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...
Persistent link: https://www.econbiz.de/10013099565
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...
Persistent link: https://www.econbiz.de/10013021416
Persistent link: https://www.econbiz.de/10011439099
institutions. We find that landownership concentration, a proxy for the institution of serf labor, has a negative effect on …
Persistent link: https://www.econbiz.de/10009325808
We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10010641421
Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of … a transactions-based economy with contracts preceding the transactions, and show that any one of (1) institutions, (2 …
Persistent link: https://www.econbiz.de/10005013043