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achieve a positive relationship between natural resources and economic growth in the long run. The main objective is to … economic growth, where sustainable economic growth can be guaranteed, only if the resource-rich country has good institutional …
Persistent link: https://www.econbiz.de/10013056564
This expository note provides a critical review of the burgeoning literature on social capital and highlights a number of conceptual and empirical issues. First, the concept of social capital remains largely elusive, with many different ideas attached to it. This elusiveness has serious...
Persistent link: https://www.econbiz.de/10005619730
growth are cointegrated and thus exhibit a reliable long run relationship. The Granger causality test findings indicate that … the causality between Institutions and growth is uni-directional. However, there is no short run causality from … Institutions to growth and vice versa. Therefore, as a policy implication that institutional quality may cause to the sustainable …
Persistent link: https://www.econbiz.de/10008567653
measure the single dimensions affects economic growth. The results show that over all, institutions promote growth in long run …
Persistent link: https://www.econbiz.de/10008567670
The role of institutions in promoting economic growth and development has generated considerable interest among … researchers and practitioners in recent years. This paper explores the role of state institutions in promoting growth using a GMM … econometric model. Specifically it attempted to test impact of two dimensions of institutions on growth using recently developed …
Persistent link: https://www.econbiz.de/10008567678
Assuming that J. S. Mill and others are correct in their belief that trust matters for the economic performance of nations, the determinants of trust become important. Section 2 discusses the sources of trust and briefly summarizes empirical evidence. Section 3 builds on Fukuyama’s concept of...
Persistent link: https://www.econbiz.de/10008753046
In our previous paper “Can Trust Explain Social Capital Effect on Property Rights and Growth?” (Hall & Ahmad, 2013) we … social capital and re-estimate its effect on growth and property rights. The results improve significantly and we are able to … show that social capital is a deep determinant of growth and its effect on growth runs via the property rights channel. The …
Persistent link: https://www.econbiz.de/10011108090
This research advances the hypothesis that natural land productivity in the past, and its effect on the desirable level of cooperation in the agricultural sector, had a persistent effect on the evolution of social capital, the process of industrialization and comparative economic development...
Persistent link: https://www.econbiz.de/10011111722
We study size and growth distributions of products and business firms in the context of a given industry. Firm size … growth is analyzed in terms of two basic mechanisms, i.e. the increase of the number of new elementary business units and … their size growth. We find a power-law relationship between size and the variance of growth rates for both firms and …
Persistent link: https://www.econbiz.de/10005020505
paper on consumer durables. The model suggests that the repurchase process is governed by preferential growth. Applying … consequence the size distribution of business units is a lognormal distribution, while the growth rates are also given by a …
Persistent link: https://www.econbiz.de/10009323245