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comprehensively characterize the impact of monotheism on early economic development. Monotheist religions produced a paradigm shift in … sociopolitical institutions because they (a) involve a strong degree of increasing returns to scale and the natural monopoly powers … monotheistic religions aided early development both in the West and the Near East until the advent of the Industrial Revolution …
Persistent link: https://www.econbiz.de/10012775813
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … interactions between trust and economic development in the realms of finance, innovation, the organization of firms, the labor … 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
It has traditionally been argued that the development of telecommunications infrastructure is dependent on the quality … of countries' political institutions. We estimate the effect of political institutions on the diffusion of three … institutions for technologies rather than for industries, we reveal important growth opportunities for developing countries and …
Persistent link: https://www.econbiz.de/10013317235
Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by introducing search frictions on several markets: in a model of credit and labor market imperfections as in Wasmer and Weil (2004), I further introduce search on the goods market....
Persistent link: https://www.econbiz.de/10013123608
In this paper, we aim to shed light on the relative contribution of the separation and job finding rates to French unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We first investigate the fluctuations in steady state...
Persistent link: https://www.econbiz.de/10013099116
Commodity price increases associated with the entry of China, India and other countries into the world economy has led …
Persistent link: https://www.econbiz.de/10013143683
There is a well-known debate about the roles of geography versus institutions in explaining the long-term development … mechanisms from geography via institutions to economic development outcomes. In particular, we examine the determinants of … highlight and empirically validate a new transmission channel from endogenously generated institutions on economic development …
Persistent link: https://www.econbiz.de/10013324836
This paper presents theory and evidence showing that institutional reforms in developing countries can effectively expand their product varieties in export. Our model demonstrates that relaxing foreign ownership controls and improving contract enforcement can induce multinational companies to...
Persistent link: https://www.econbiz.de/10013075789
-enforcers, we develop a conceptual framework that highlights how political institutions are instrumental in defining the choice … suggest that (a) lobbying and corruption are fundamentally different, (b) political institutions play a major role in …
Persistent link: https://www.econbiz.de/10013324976
sustainable economic development …
Persistent link: https://www.econbiz.de/10014255737