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Culture and Institutions
Alesina, Alberto F. - 2013
A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical,...
Persistent link: https://www.econbiz.de/10013071464
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Culture : Persistence and Evolution
Giavazzi, Francesco - 2014
This paper documents the speed of evolution (or lack thereof) of a range of values and beliefs of different generations of US immigrants, and interprets the evidence in the light of a model of socialization and identity choice. Convergence to the norm differs greatly across cultural attitudes....
Persistent link: https://www.econbiz.de/10013053157
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Long-Term Barriers to Economic Development
Spolaore, Enrico - 2015
What obstacles prevent the most productive technologies from spreading to less developed economies from the world's technological frontier? In this paper, we seek to shed light on this question by quantifying the geographic and human barriers to the transmission of technologies. We argue that...
Persistent link: https://www.econbiz.de/10013035176
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Culture, Entrepreneurship, and Growth
Doepke, Matthias - 2013
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10013080216
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 2008
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012774887
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Conveniently Upset : Avoiding Altruism by Distorting Beliefs About Others
Di Tella, Rafael - 2011
In this paper we present the results from a "corruption game" (a dictator game modified so that the second player can …
Persistent link: https://www.econbiz.de/10013131979
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Embezzlement Versus Bribery
Fan, C. Simon - 2010
Corrupt officials can use their positions to enrich themselves in two ways. They can steal from the state budget--embezzling or misspending funds--or they can demand extra payments from citizens in return for services--bribery. In many circumstances, embezzlement is less distortionary than...
Persistent link: https://www.econbiz.de/10013135875
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Looking Beyond the Incumbent : The Effects of Exposing Corruption on Electoral Outcomes
Chong, Alberto - 2011
Does information about rampant political corruption increase electoral participation and the support for challenger … copious corruption not only decreases incumbent support in local elections in Mexico, but also decreases voter turnout …
Persistent link: https://www.econbiz.de/10013117216
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The Control of Politicians in Normal Times and Times of Crisis : Wealth Accumulation by U.S. Congressmen, 1850-1880
Querubin, Pablo - 2011
We employ a regression discontinuity design based on close elections to estimate the rents from a seat in the U.S. congress between 1850-1880. Using census data, we compare wealth accumulation among those who won or lost their first race by a small margin. We find evidence of significant returns...
Persistent link: https://www.econbiz.de/10013117869
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Corruption in Developing Countries
Olken, Benjamin A. - 2011
Recent years have seen a remarkable expansion in economists' ability to measure corruption. This, in turn, has led to a … new generation of well-identified, microeconomic studies. We review the evidence on corruption in developing countries in … light of these recent advances, focusing on three questions: how much corruption is there, what are the efficiency …
Persistent link: https://www.econbiz.de/10013120310