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Aghion, Philippe - 2009

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

Persistent link: https://www.econbiz.de/10012464001

An Economic Approach to Regulating Algorithms

Rambachan, Ashesh - 2020

planner regulates private (possibly discriminatory) actors building algorithms. Optimal regulation depends crucially on the …

Persistent link: https://www.econbiz.de/10012481694

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

Detecting Illegal Arms Trade

DellaVigna, Stefano - 2007

Illegal arms are responsible for thousands of deaths in civil wars every year. Yet, their trade is very hard to detect. We propose a method to statistically detect illegal arms trade based on the investor knowledge embedded in financial markets. We focus on eight countries under UN arms embargo...

Persistent link: https://www.econbiz.de/10012465297

Constitutions, Corporations, and Corruption : American States and Constitutional Change

Wallis, John Joseph - 2004

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/10012468242

The Mandarin Model of Growth

Xiong, Wei - 2018

China's economic reforms over the past 40 years have led to a mixed economic structure with the government playing a key role in an increasingly market-driven economy. This paper expands a standard growth model of Barro (1990) to incorporate this structure, with a particular focus on including...

Persistent link: https://www.econbiz.de/10012480947

Culture and Institutions

Alesina, Alberto - 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/10012458913

Peronist Beliefs and Interventionist Policies

Tella, Rafael Di - 2010

We study the logic of Peronist interventionist polices and the beliefs that support them. Instead of a comprehensive approach, we focus on three elements. First, we study beliefs and values about the economic system present in Peron's speeches during the period 1943-55. Second, we study survey...

Persistent link: https://www.econbiz.de/10012462036

An International Comparison of Capital Structure and Debt Maturity Choices

Fan, Joseph P.H. - 2010

This study examines the influence of institutional environment on capital structure and debt maturity choices by examining a cross-section of firms in 39 developed and developing countries. We find that a country's legal and tax system, the level of corruption and the preferences of capital...

Persistent link: https://www.econbiz.de/10012462212

Vertical Integration, Institutional Determinants and Impact : Evidence from China

Fan, Joseph P.H. - 2009

Where legal systems and market forces enforce contracts inadequately, vertical integration can circumvent these transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption. Vertical integration might then enhance returns to political...

Persistent link: https://www.econbiz.de/10012463999