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Constitutions, Corporations, and Corruption : American States and Constitutional Change
Wallis, John Joseph - 2021
During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...
Persistent link: https://www.econbiz.de/10013218542
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The Guarantees of Freedom
La Porta, Rafael; Lopez de Silanes, Florencio; … - 2021
Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...
Persistent link: https://www.econbiz.de/10013224310
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Consequences of Constitutions
Persson, Torsten - 2021
electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …
Persistent link: https://www.econbiz.de/10013233041
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The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation'S Monetary System Emerged
Grubb, Farley - 2021
The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …
Persistent link: https://www.econbiz.de/10013240577
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Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini'S "the Economic Effect of Constitutions"
Acemoglu, Daron - 2021
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10013212917
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Constitution or Conflict?
Grossman, Herschel I. - 2021
A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …
Persistent link: https://www.econbiz.de/10013228226
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The Service Sector as India's Road to Economic Growth
Eichengreen, Barry - 2011
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10013130492
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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10013130973
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The Redistributive Effects of Political Reservation for Minorities : Evidence from India
Chin, Aimee - 2010
assemblies in India generated by national policies that cause reservations to be revised and the time lags with which revised …
Persistent link: https://www.econbiz.de/10013136544
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The Contribution of China, India and Brazil to Narrowing North-South Differences in Gdp/Capita, World Trade Shares, and Market Capitalization
Wang, Jing - 2012
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … time. In contrast the North‐China gap falls from 57.2 to 13.1 between 1990 and 2009, and India from 70.4 to 38.1 using … market exchange rates and from 23.4 to 5.5 for China and from 20.7 to 11.4 for India using PPP rates. We calculate the …
Persistent link: https://www.econbiz.de/10013113158