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Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy - 2014
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …
Persistent link: https://www.econbiz.de/10013069257
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Culture, Institutions and Democratization
Gorodnichenko, Yuriy - 2015
We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...
Persistent link: https://www.econbiz.de/10013023685
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The Effect of Pollution on Worker Productivity : Evidence from Call-Center Workers in China
Chang, Tom - 2016
China. Using precise measures of each worker's daily output linked to daily measures of pollution and meteorology, we find …
Persistent link: https://www.econbiz.de/10012989130
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More Trusting, Less Trust? An Investigation of Early E-Commerce in China
Cai, Hongbin - 2013
large transaction-level data set from the early years of Eachnet.com (an eBay equivalent in China), we find evidence that is …
Persistent link: https://www.econbiz.de/10013083391
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Microinsurance, Trust and Economic Development : Evidence from a Randomized Natural Field Experiment
Cai, Hongbin - 2010
We report results from a large randomized natural field experiment conducted in southwestern China in the context of …
Persistent link: https://www.econbiz.de/10013150736
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Social Trust and Differential Reactions of Local and Foreign Investors to Public News
Jia, Chunxin - 2015
This paper uses the segmented dual-class shares issued by several dozen Chinese firms---A shares to local Chinese investors and H shares to foreign investors---to compare reactions of local and foreign investors to the same public news. We find that local investors react more strongly to...
Persistent link: https://www.econbiz.de/10013024501
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Federalism's Values and the Value of Federalism
Inman, Robert P. - 2010
What is it about federal governance that makes it so attractive to economists, political philosophers, and legal scholars and is there any evidence that would suggest all this attention is warranted? Proponents see federalism as a means to more efficient public and private economies, as the...
Persistent link: https://www.econbiz.de/10012759607
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Welfare State vs. Market Forces in a Globalization Era
Razin, Assaf - 2019
Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...
Persistent link: https://www.econbiz.de/10012863640
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The New Comparative Economics
Djankov, Simeon; Glaeser, Edward L.; Lopez de Silanes, … - 2003
In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand...
Persistent link: https://www.econbiz.de/10014087197
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The Indigenous Roots of Representative Democracy
Bentzen, Jeanet Sinding; Hariri, Jacob Gerner; … - 2015
We document that rules for leadership succession in ethnic societies that antedate the modern state predict contemporary political regimes; leadership selection by election in indigenous societies is associated with contemporary representative democracy. The basic association, however, is...
Persistent link: https://www.econbiz.de/10013022172