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Culture, Institutions & the Long Divergence
Bisin, Alberto; Rubin, Jared; Seror, Avner; Verdier, Thierry - National Bureau of Economic Research - 2021
Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...
Persistent link: https://www.econbiz.de/10012482703
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Democracy and Development : The Devil in the Details
Persson, Torsten - 2006
Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...
Persistent link: https://www.econbiz.de/10012466677
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Business Groups and the Big Push : Meiji Japan's Mass Privatization and Subsequent Growth
Morck, Randall - 2007
feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an …
Persistent link: https://www.econbiz.de/10012465482
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Risks in China’s Financial System
Song, Zheng Michael - 2018
Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need to evaluate these risks within China's unique...
Persistent link: https://www.econbiz.de/10012453483
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality
Dabla-Norris, Era - 2015
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845
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Putting the Lid on Lobbying : Tariff Structure and Long-Term Growth when Protection is for Sale
Nunn, Nathan - 2006
It has long been recognized that a country's tariffs are the endogenous outcome of a rent-seeking game whose equilibrium reflects national institutions. Thus, the structure of tariffs across industries provides insights into how institutions, as reflected in tariff policies, affect long-term...
Persistent link: https://www.econbiz.de/10012466530
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The Transition Economies After Ten Years
Fischer, Stanley - 2000
conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition … economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the … policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the …
Persistent link: https://www.econbiz.de/10012471103
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Why Have Economic Reforms in Mexico Not Generated Growth?
Kehoe, Timothy J. - 2010
Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...
Persistent link: https://www.econbiz.de/10012462077
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Why Isn't Mexico Rich?
Hanson, Gordon H. - 2010
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment, achieving fiscal discipline, and privatizing state owned enterprises. Despite these efforts, the country's economic growth has been lackluster, trailing that of many other...
Persistent link: https://www.econbiz.de/10012462187
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The Value of Making Commitments Externally : Evidence from WTO Accessions
Tang, Man-Keung - 2008
This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted...
Persistent link: https://www.econbiz.de/10012464067