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"Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...
Persistent link: https://www.econbiz.de/10003451843
to learn from experience is itself affected by economic institutions. A society which does not trust markets is more …
Persistent link: https://www.econbiz.de/10003902085
accumulation of society-specific human capital. Thus, they operated more efficiently with respect to their production …
Persistent link: https://www.econbiz.de/10009530812
This paper explores the changing trend of adult height in China for cohorts born in 1950-90. We use information on the household structure and local economic conditions during the individual's childhood to explain the trend. We find that during the 40-year period, the growth rate of adult height...
Persistent link: https://www.econbiz.de/10012519333
agricultural investment, larger gender gap in agricultural productivity, and more hierarchical society, are at the root of existing … particular the range of ancestral cultural traits in society, they independently affected human behavior and economic outcomes. …
Persistent link: https://www.econbiz.de/10011581726
This chapter 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...
Persistent link: https://www.econbiz.de/10011763836
question is whether "modernization" without "spiritual values" in a globalized world economy and world society possible in the … global value change: a continuum of "traditional versus secular", and a continuum "cheating versus active society". Asabiyya …, is a high secularism combined with a high active society score, thus avoiding the "modernization trap". We show that …
Persistent link: https://www.econbiz.de/10003901779
This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under stress in Mexico and this retards the growth of skills of...
Persistent link: https://www.econbiz.de/10003939090
efficient were introduced later in India following the macroeconomic crisis in 1991. However, whether the post-1991 growth is an …
Persistent link: https://www.econbiz.de/10003656923
What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....
Persistent link: https://www.econbiz.de/10012288516