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entrepreneur. We focus on the size of the government, on freedom from corruption, and on 'market freedom' defined as a cluster of … extent of corruption. A cluster of institutional indicators representing 'market freedom' is only significant in some … specifications. Freedom from corruption is significantly related to entrepreneurial entry, especially when the richest countries are …
Persistent link: https://www.econbiz.de/10008668035
Available wisdom suggests that a negative relationship prevails between economic freedom and perceived corruption among … that greater competition may accentuate the problem of corruption. This is contrary to the general observation that … economic freedom in influencing perceived corruption. The firm-level data helps to explore the relationship between economic …
Persistent link: https://www.econbiz.de/10014390533
There has been a phenomenal global increase in the proportion of women in politics in the last two decades, but there is no evidence of how this influences economic performance. We investigate this using data on competitive elections to India's state assemblies, leveraging close elections to...
Persistent link: https://www.econbiz.de/10011872787
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10003940472
striking contradiction is China where, despite a fourfold multiplication in two decades in real GDP per capita from a low … term ; short term ; Easterlin paradox ; developed countries ; transition countries ; less developed countries ; China …
Persistent link: https://www.econbiz.de/10009699443
Does corruption grease or sand the wheels of economic growth? This paper uses metaanalysis techniques to systematically … evaluate the evidence addressing this question. It uses a data set comprising 460 estimates of the effect of corruption on … for institutions and trade openness (both are found to deflate the negative effect of corruption), authors' affiliation …
Persistent link: https://www.econbiz.de/10009304317
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010228789
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010374120
Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...
Persistent link: https://www.econbiz.de/10011543634
Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...
Persistent link: https://www.econbiz.de/10010498599