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studying institutions and technological innovation and examining how human capital and institutional constraints affect the … the role of institutions in the economy. The baseline model developed in this article shows that the long-run growth of … the economy is intrinsically linked to institutions and suggests that an economy with institutions that retard or prevent …
Persistent link: https://www.econbiz.de/10005787003
This paper contributes to the literature on institutions and economic growth by conducting an empirical examination on … the links between innovation and institutions. Using cross-country data and the instrumental variable method, this study … positive association between institutions and levels of income and between institutions and the transitional growth rates of …
Persistent link: https://www.econbiz.de/10005619367
education. While the contribution of both human capital and institutions to growth are often acknowledged, the channels by which … institutions affect human capital and, in turn, growth, has been relatively underexplored. Our empirical approach adopts a two …
Persistent link: https://www.econbiz.de/10005623334
The new paradigm in the field of International Cooperation is that institutions are the fundamental cause of long …-run economic development. However, the lack of both a clear consensus on which are the specific institutions that promote … development, and a theory that integrates economic, political and cultural aspects that lie behind these institutions, is making …
Persistent link: https://www.econbiz.de/10005836057
successful in substituting its fiscal and legal institutions for those of the medieval seigneurial regime within an area of the … themselves with national, as opposed to local, institutions. We also show that regions inside the CGF that affiliated with …
Persistent link: https://www.econbiz.de/10011252300
growing literature considers culturally-based beliefs and institutions as main drivers of the latter differences (Guiso et al …. 2006; Tabellini 2010). The intuition is that institutions and beliefs affect the incentive to accumulate human and physical … administrative requirement (permits, regulations, reporting) in entrepreneurial activity, the lower the probability of being an …
Persistent link: https://www.econbiz.de/10011258267
political institutions weight matrix best explains the institutional distance concept since it produces identical results to the … route of institutions spillover where institutions in a country lead to economic improvement in that country and generate …
Persistent link: https://www.econbiz.de/10011258341
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
Drawing from the literature on the determinants of corruption, this article examines the relationship between corruption and the nature of state of fragility. Robust empirical evidence shows a correlation between the level of corruption and state fragility. In a further assessment with the...
Persistent link: https://www.econbiz.de/10011260010
This article aims to highlight the first work of economist Nathan Nunn on slavery and colonization. Indeed, for the latter, these two historical facts, quantifiable consequences, have defined the path of economic development of African countries. Secondly, this paper discusses the findings of...
Persistent link: https://www.econbiz.de/10011260637