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Culture, Institutions and the Wealth of Nations

Gorodnichenko, Yuriy - 2010

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …

Persistent link: https://www.econbiz.de/10013137795

The Productivity Effects of Profit Sharing, Employee Ownership, Stock Option and Team Incentive Plans : Evidence from Korean Panel Data

Kato, Takao - 2010

We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we...

Persistent link: https://www.econbiz.de/10013139059

Employee Stock Purchase Plans : Gift or Incentive? Evidence from a Multinational Corporation

Bryson, Alex - 2014

Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But...

Persistent link: https://www.econbiz.de/10013045013

Cross-Country Evidence on Teacher Performance Pay

Woessmann, Ludger - 2010

The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...

Persistent link: https://www.econbiz.de/10013139508

Subjective Well-Being, Income, Economic Development and Growth

Sacks, Daniel W. - 2011

most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …

Persistent link: https://www.econbiz.de/10013132818

Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth

Campos, Nauro F. - 2010

Does corruption grease or sand the wheels of economic growth? This paper uses meta-analysis techniques to systematically evaluate the evidence addressing this question. It uses a data set comprising 460 estimates of the effect of corruption on growth from 41 empirical studies. The main factors...

Persistent link: https://www.econbiz.de/10013135630

Institutions and Economic Performance : What Can Be Explained?

Commander, Simon John - 2010

Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three 'levels' of institutions and associated...

Persistent link: https://www.econbiz.de/10013136777

Should Easier Access to International Credit Replace Foreign Aid?

Bandyopadhyay, Subhayu - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10013119295

Human Capital and Growth : Specification Matters

Sunde, Uwe - 2011

This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier...

Persistent link: https://www.econbiz.de/10013120134

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

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