Showing 1 - 10 of 694
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … market and the product market. The last part reviews recent progress to identify how institutions and policies can affect …
Persistent link: https://www.econbiz.de/10013035397
A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and...
Persistent link: https://www.econbiz.de/10013061938
the results are not explained by differences in other institutions or geographic characteristics. Additional results …
Persistent link: https://www.econbiz.de/10013099810
This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...
Persistent link: https://www.econbiz.de/10012978167
This research explores the historical roots of the division of labor in pre-modern societies. It advances the hypothesis and establishes empirically that intra-ethnic diversity had a positive effect on the division of labor across ethnicities in the pre-modern era. Exploiting a variety of...
Persistent link: https://www.econbiz.de/10012917099
This research advances the hypothesis and establishes empirically that interpersonal population diversity has contributed significantly to the emergence, prevalence, recurrence, and severity of intrasocietal conflicts. Exploiting an exogenous source of variations in population diversity across...
Persistent link: https://www.econbiz.de/10012920431
We study the connection between economic performance and the quality of government institutions for the sample of 103 … unified Italian State. Our results suggest that past historical institutions play a significant role on the current public … confirms that the quality of institutions matters for development, and that history can be used to find suitable instruments …
Persistent link: https://www.econbiz.de/10013029621
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...
Persistent link: https://www.econbiz.de/10013110861
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...
Persistent link: https://www.econbiz.de/10014076385
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