Similar Search Results

Fan, Joseph P. H. - 2011

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …

Persistent link: https://www.econbiz.de/10013117212

Butler, Jeffrey V. - 2009

We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Our interpretation is that highly trusting individuals tend to assume too much social risk and to be cheated...

Persistent link: https://www.econbiz.de/10013156416

Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?

Eichengreen, Barry - 2008

We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption …. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the … Poland. And it is certainly conceivable that the same policies and country characteristics (not always visible to the …

Persistent link: https://www.econbiz.de/10012769529

Property Rights and Finance

Johnson, Simon; McMillan, John; Woodruff, Christopher - 2021

Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....

Persistent link: https://www.econbiz.de/10013213059

The Economic Consequences of Legal Origins

La Porta, Rafael - 2010

In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...

Persistent link: https://www.econbiz.de/10012759683

Crime and Punishment in the "American Dream"

Di Tella, Rafael - 2010

We observe that countries where belief in the quot;American dreamquot; (i.e., effort pays) prevails also set harsher punishment for criminals. We know from previous work that beliefs are also correlated with several features of the economic system (taxation, social insurance, etc). Our objective...

Persistent link: https://www.econbiz.de/10012760591

Political Selection and Persistence of Bad Governments

Acemoglu, Daron - 2010

We study dynamic selection of governments under different political institutions, with a special focus on institutional "flexibility". A government consists of a subset of the individuals in the society. The competence level of the government in office determines collective utilities (e.g., by...

Persistent link: https://www.econbiz.de/10013151384

Agency Problems and the Fate of Capitalism

Morck, Randall - 2010

the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those …

Persistent link: https://www.econbiz.de/10013136737

From Centrally-Planned to Market Economies : The Road from Cpe to Pcpe

Calvo, Guillermo A. - 2010

This paper deals with the early stages of transformation of centrally-planned economies (CBEs) into market economies during which expectations playa key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this...

Persistent link: https://www.econbiz.de/10013139423

Medieval Universities, Legal Institutions, and the Commercial Revolution

Cantoni, Davide - 2012

We present new data documenting medieval Europe's "Commercial Revolution'' using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germany's first...

Persistent link: https://www.econbiz.de/10013107997

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