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of economic growth. One of the most striking features of economic development on the sub-Saharan subcontinent is the …
Persistent link: https://www.econbiz.de/10011917110
We explore the potential effects of the first leaders of Sub-Saharan Africa. We first outline a set of theoretical reasons for why leaders may matter particularly at the critical juncture of African independence and why this influence may be persistent. In an unbalanced panel from 40 African...
Persistent link: https://www.econbiz.de/10011442480
Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co …-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price …
Persistent link: https://www.econbiz.de/10010320306
Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing … economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them …, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the …
Persistent link: https://www.econbiz.de/10012145538
necessary to establish appropriate rules and institutions for school competition. Instead, ill-conceived grading and curriculum …-profit producers, must account for how institutions and incentive structures affect behavior. …
Persistent link: https://www.econbiz.de/10011917019
Since the early 1980s a wave of liberalizing reforms has swept over the world. While the stated motivation for these reforms has usually been to increase economic efficiency, some critics have instead inferred ulterior motives and a desire to enrich certain (already rich) people at the expense...
Persistent link: https://www.econbiz.de/10011917073
and finance"- approach to entrepreneurship. We argue that more fundamental reforms are required to improve the … ventures. That is followed by three papers that focus on the institutions that (fail to) channel financial resources to such … ventures and two papers that analyze the relevance of labor market institutions. The special issue concludes with two papers …
Persistent link: https://www.econbiz.de/10011917079
William J. Baumol was one of the most prolific economists of his generation, analyzing a broad range of central economic issues addressing real problems of the world. In this essay, we present and critically evaluate Baumol's research contributions in entrepreneurship economics and point to...
Persistent link: https://www.econbiz.de/10012703455
We ask whether, as many seem to think, corruption worsens, and judicial accountability improves, inequality, and investigate this empirically using data from 145 countries 1960.2014. We relate perceived corruption and de facto judicial accountability to gross-income inequality and consumption...
Persistent link: https://www.econbiz.de/10012145536
theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in …
Persistent link: https://www.econbiz.de/10010320102