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Corruption, Seigniorage and Growth : Theory and Evidence

Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - 2021

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …

Persistent link: https://www.econbiz.de/10013316495

Institutions and Economic Growth in Historical Perspective : Part 2

Ogilvie, Sheilagh - 2014

This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...

Persistent link: https://www.econbiz.de/10013051272

Institutions and Economic Growth in Historical Perspective : Part 1

Ogilvie, Sheilagh - 2014

This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...

Persistent link: https://www.econbiz.de/10013051273

The Great Divergence : A Network Approach

Lindner, Ines - 2016

knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development …

Persistent link: https://www.econbiz.de/10013001168

Economic Growth and Subjective Well-Being : Reassessing the Easterlin Paradox

Stevenson, Betsey - 2011

The quot;Easterlin paradoxquot; suggests that there is no link between a society's economic development and its average …

Persistent link: https://www.econbiz.de/10012756506

Political Regime Change, Economic Reform and Growth Accelerations

Jong-A-Pin, Richard - 2011

Using an improved definition and indicator of growth accelerations, we examine whether political regimes, regime changes, and economic reform are related to growth accelerations. Our results show that economic growth accelerations are preceded by economic reforms. Furthermore, we find that...

Persistent link: https://www.econbiz.de/10012756913

Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Hanushek, Eric A. - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10012765255

Growth, Foreign Direct Investment and Urban Concentrations : Unbundling Spatial Lags

Poelhekke, Steven - 2014

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10012751105

Structural Reforms, Growth and Inequality : An Overview of Theory, Measurement and Evidence

Campos, Nauro F. - 2018

This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...

Persistent link: https://www.econbiz.de/10012927189

Credit Booms, Debt Overhang and Secular Stagnation

Illing, Gerhard - 2018

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit booms? We present a model of persistent aggregate demand shortage based on strong liquidity preferences of households, in which we incorporate financial imperfections to study...

Persistent link: https://www.econbiz.de/10012927578