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Institutions and economic growth in historical perspective : part 2
Ogilvie, Sheilagh C.; Carus, A. W. - 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/10010371915
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Institutions and economic growth in historical perspective : part 1
Ogilvie, Sheilagh C.; Carus, A. W. - 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/10010371916
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Monetary policy crisis management as a threat to economic order
Freytag, Andreas; Schnabl, Gunther - 2017
order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and … Müller-Armack (1966) has been a core element of growth, welfare, social cohesion and political stability in Germany and …) growth and welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a …
Persistent link: https://www.econbiz.de/10011611212
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Wealth and history : an update
Waldenström, Daniel - 2021
-tax, low-regulation capitalism will generate extreme capital accumulation, and that persistent wealth equalization requires …
Persistent link: https://www.econbiz.de/10012649784
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The renaissance of ordoliberalism in the 1970s and 1980s
Krieger, Tim; Nientiedt, Daniel - 2023
, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories …
Persistent link: https://www.econbiz.de/10014304519
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Politicians' social welfare criteria : an experiment with German legislators
Ambuehl, Sandro; Blesse, Sebastian; Doerrenberg, Philipp; … - 2023
Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker's normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators' social...
Persistent link: https://www.econbiz.de/10014247240
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The welfare economics of reference dependence
Reck, Daniel; Seibold, Arthur - 2022
Empirical evidence suggests that individuals often evaluate options relative to a reference point, especially seeking to avoid losses. In this paper, we provide the first welfare analysis under reference-dependent preferences. We decompose the welfare impact of changes in reference points and...
Persistent link: https://www.econbiz.de/10013411537
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The biological standard of living in the two Germanies
Komlos, John; Kriwy, Peter - 2001
proclamations of a classlesssociety, there were substantial differences in physical stature in East-Germany.Social differences in …
Persistent link: https://www.econbiz.de/10011400292
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Incomplete property rights and overinvestment
Amegashie, J. Atsu - 2009
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10003861788
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Persuasion as a contest
Skaperdas, Stergios (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003624559