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The Political U : New Evidence on Democracy and Income
Campos, Nauro F.; Coricelli, Fabrizio; Frigerio, Marco - 2022
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
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Democratization, Violent Social Conflicts, and Growth
Cervellati, Matteo - 2011
. Exploiting within-country variation to identify the effect of democratization during the 'Third Wave', we find evidence that the … effect of democratization is weaker than reported previously once one accounts for the incidence of conflict, while the … significantly reduce the incidence and onset of conflict, which suggests that part of the positive growth effect of democratization …
Persistent link: https://www.econbiz.de/10013126913
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Lobbying, Corruption and Other Banes
Campos, Nauro F.; Giovannoni, Francesco - 2021
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one in developing countries. This paper challenges these...
Persistent link: https://www.econbiz.de/10013324976
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Does Institutional Quality Affect Firm Performance? Insights from a Semiparametric Approach
Bhaumik, Sumon K. - 2012
Using a novel modeling approach, and cross-country firm level data for the textiles industry, we examine the impact of institutional quality on firm performance. Our methodology allows us to estimate the marginal impact of institutional quality on productivity of each firm. Our results bring...
Persistent link: https://www.econbiz.de/10013110199
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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
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Trust, Growth and Well-Being : New Evidence and Policy Implications
Algan, Yann - 2015
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods employed to identify the causal impact of trust on economic...
Persistent link: https://www.econbiz.de/10013035397
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Are All Democracies Equally Good? The Role of Interactions Between Political Environment and Inequality for Rule of Law
Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2021
Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower
Persistent link: https://www.econbiz.de/10013316859
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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
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The Role of Institutions and Firm Heterogeneity for Labour Market Adjustment : Cross-Country Firm-Level Evidence
Gal, Peter N. - 2013
This paper investigates the role of policies and institutions for aggregate labour market dynamics during the recent financial crisis using firm-level data. First, it provides comparable estimates on firm-level labor adjustment by country, industry and firm size. Second, using variance...
Persistent link: https://www.econbiz.de/10013081802
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Constitutions and Economic Development : Evidence from the American Indian Nations
Akee, Randall - 2012
This paper presents an empirical examination of economic and institutional development. Utilizing a novel data set on American Indian tribal nations, we investigate how constitutional design affects economic development, while holding the broader legal and political environment fixed....
Persistent link: https://www.econbiz.de/10013099810