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Risk, Institutions and Growth : Why England and Not China?

Greif, Avner - 2011

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …

Persistent link: https://www.econbiz.de/10013127725

Norms, Culture and Local Infrastructure : Evidence from a Decentralised Economy

Pal, Sarmistha - 2010

Culture as reflected in social and religious norms may be pivotal to social organization in a decentralised economy where local authorities are responsible for the provision of local public goods. We distinguish between individualist and collectivist cultures to argue that collectivist culture...

Persistent link: https://www.econbiz.de/10013136493

Growth, Colonization, and Institutional Development : In and Out of Africa

Bertocchi, Graziella - 2011

This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...

Persistent link: https://www.econbiz.de/10013122110

Fiscal Decentralisation, Local Institutions and Public Goods Provision : Evidence from Indonesia

Pal, Sarmistha - 2012

Indonesia on local public spending across communities with different types of local institutions. Our results provide evidence … well as a convergence in spending across communities with different types of local institutions.We develop a theoretical …

Persistent link: https://www.econbiz.de/10013096145

Constitutions and Economic Development : Evidence from the American Indian Nations

Akee, Randall - 2012

the results are not explained by differences in other institutions or geographic characteristics. Additional results …

Persistent link: https://www.econbiz.de/10013099810

De Jure and De Facto Determinants of Power : Evidence from Mississippi

Bertocchi, Graziella - 2012

We evaluate the empirical relevance of de facto vs. de jure determinants of political power in the U.S. South between the end of the nineteenth and the beginning of the twentieth century. We apply a variety of estimation techniques to a previously unexploited dataset on voter registration by...

Persistent link: https://www.econbiz.de/10013103038

Globalization, Institutions, and the Ethnic Divide : Recent Longitudinal Evidence

Wunnava, Phani V. - 2012

This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...

Persistent link: https://www.econbiz.de/10013107710

Does Forced Solidarity Hamper Investment in Small and Micro Enterprises?

Grimm, Michael - 2013

Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment which we test on data from tailors in Burkina Faso. The empirical results support the idea that there are two behavioural patterns: entrepreneurs following an 'insurance regime'...

Persistent link: https://www.econbiz.de/10013085483

Volatility and Growth : Governments are Key

Jetter, Michael - 2013

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/10013071293

Intangible Knowledge Capital and Innovation in China

Fleisher, Belton M. - 2013

Intangible knowledge capital (IKC) – technology produced by workers but not embodied in them – can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises – more so in domestically owned...

Persistent link: https://www.econbiz.de/10013071740

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