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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
growth. However, state history as a proxy for long-run ancestral exposure to institutions, political organization and … extractive institutions that facilitate the provision of soft budget constraints. Genetic distance from the United States induces …
Persistent link: https://www.econbiz.de/10011596107
This short article contributes to the Elgar Encyclopedia of Public Choice by summarizing the literature on the measurement of democracy. I proceed in two step. In the first part, I describe the classical approach for producing a measure of democracy and sketch an alternative approach. The second...
Persistent link: https://www.econbiz.de/10013469849
We compile biographical information on more than 5,000 Prussian politicians and exploit newly digitized administrative data to examine whether landowning and landless elites differ in the extent to which they support health infrastructure projects. Using exogenous variation in soil texture, we...
Persistent link: https://www.econbiz.de/10012314808
Despite improvements in the living conditions of the population, there has not been a significant change in income disparities. Since the growth of left-wing parties and political competition as per the median voter hypothesis do not stand in the Brazilian case, what could explain the tenacity...
Persistent link: https://www.econbiz.de/10012486184
The aim of this paper is to assess whether the impacts of real exchange rate undervaluation and domestic technological capabilities on growth are stable across development levels. On the one hand, a real exchange undervaluation measure is constructed based on the purchasing-power-parity theory...
Persistent link: https://www.econbiz.de/10011536945
This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...
Persistent link: https://www.econbiz.de/10011962798
Persistent link: https://www.econbiz.de/10012655840
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
, 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 …
Persistent link: https://www.econbiz.de/10014495766