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Mladjan, Mrdjan M.; Nikolova, Elena; Ponomarenko, Olga - 2024

Institutions, defined as "the rules of the game in society", drive economic growth and prosperity. Institutions often … financial systems, contract enforcement) and informal (traditions, taboos, codes of conduct) institutions. Church …-state relationships hundreds of years ago affect informal institutions like work ethic, preferences for rationality or spirituality, and …

Persistent link: https://www.econbiz.de/10014580665

Government size and economic growth in an endogenous growth model with rent-seeking

Wadho, Waqar; Ayaz, Umair - 2017

. Furthermore, economies with bigger size of the government and/or with poor quality institutions will take longer to endogenously …

Persistent link: https://www.econbiz.de/10012120573

Trade and economic growth : theories and evidence from the Southern African Development Community

Farahane, Matias Jaime; Heshmati, Almas - 2020

This paper empirically tests the hypothesis that trade can act as an engine of growth using panel data for the Southern African Development Community (SADC), a regional integration agreement (RIA) organization, the central objective of whose formation was the need to accelerate, foster, and...

Persistent link: https://www.econbiz.de/10012286173

The relationship between economic growth and democracy : alternative representations of technological change

Kim, Nam-Seok; Heshmati, Almas - 2017

This study investigates the relationship between economic growth and democracy by estimating a nation's production function specified as static and dynamic models using panel data. In estimating the production function, it applies a single time trend, multiple time trends and the general index...

Persistent link: https://www.econbiz.de/10012114598

Lobbying for industrialization : theory and evidence

Veselov, Dmitriy; Yarkin, Alexander - 2024

Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change and lobbying remains underexplored. Using more than...

Persistent link: https://www.econbiz.de/10014557744

Ethnic diversity, concentration of political power and the curse of natural resources

Wadho, Waqar; Hussain, Sadia - 2020

political power, and on the quality of institutions which constraints rent seeking. The model predicts that in the presence of …

Persistent link: https://www.econbiz.de/10012249701

The impact of body mass index on growth, schooling, productivity, and savings : a cross-country study

Tansel, Aysıt; Öztürk, Ceyhan; Erdil, Erkan - 2021

We examine the relationship between wealth and health through prominent growth indicators and cognitive ability. Cognitive ability is represented by nutritional status. In this study, the proxy variable for nutritional status is BMI since there is a strong relationship between cognitive ability...

Persistent link: https://www.econbiz.de/10012619180

Artiﬁcial intelligence, income distribution and economic growth

Gries, Thomas; Naudé, Wim - 2020

The economic impact of Artiﬁcial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected,...

Persistent link: https://www.econbiz.de/10012262282

The long-lasting effect of feudal human capital : insights from Vietnam

Hoang Trung Xuan; Cuong Viet Nguyen - 2024

This study investigates the long-term effect of the density of the elite - the highest educated - during the period 1075-1919 on today's educational attainment and economic performance in Vietnam. Using nearly 20,000 elites, including 17,061 junior bachelors and bachelors, and 2,895 doctors who...

Persistent link: https://www.econbiz.de/10014465500

Wealth inequality and economic growth : evidence from the world inequality database

Steenbrink, Rachel; Skali, Ahmed - 2024

Although it is often argued that wealth inequality matters more for economic growth than income inequality, this relationship has rarely been studied empirically, with a few exceptions covering a very restricted country sample or short timeframe. Leveraging hitherto unexploited wealth inequality...

Persistent link: https://www.econbiz.de/10014553772