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institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and … opportunities as well as the distribution of political power shaped by underlying institutions, in combination with the extent of … selection into institutional change, and run horse races between underlying institutions. We find that freedom of expression …
Persistent link: https://www.econbiz.de/10014334859
of the impact of conflict point to negative gross domestic product (GDP) growth of -12 percent on average over 2011 …-18, resulting in a GDP contraction to about one-third of the 2010 level. In post-conflict simulation scenarios, the growth drivers … stable resolution of the conflict is achieved …
Persistent link: https://www.econbiz.de/10012113903
In this paper, we explore the long-run effects of cultural and imperial legacies in the Baltic region. Drawing evidence from the 1897 population census in the Russian Empire, we find that localities with a higher share of German historical population are inclined to be more developed in...
Persistent link: https://www.econbiz.de/10011814676
, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial … unleashing technological change and through rituals, legal institutions, political economy, and conflict. Synthesizing a disjoint …—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that …
Persistent link: https://www.econbiz.de/10014495766
The quality of institutions occupies a central place in the set of non-economic factors influencing macroeconomic … institutions. It is shown that the main such force or source of institutional change is culture, interpreted in a broad sense … culture as a source of formation of the quality of national institutions and a factor of sustainable economic dynamics is …
Persistent link: https://www.econbiz.de/10013500773
moderating variables are mainly institutions and the European Sovereignty Index. Shared sovereignty and its specific categories …-country institutions on member-country economic growth. This focus and the nature of the investigation constitute the originality of the … present study and reduce the gap in the literature about the effects of sovereignty, institutions, and capital spillovers (FDI …
Persistent link: https://www.econbiz.de/10014319197
We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model …
Persistent link: https://www.econbiz.de/10013342090
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598
Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson's model of the...
Persistent link: https://www.econbiz.de/10012057437
endogeneity issues. We also contribute to the literature by using various measures of institutions to identify which aspects of …
Persistent link: https://www.econbiz.de/10011753945