Showing 1 - 10 of 174
This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ("pre-confirmatory bias") and perceptions (confirmatory bias), and are themselves...
Persistent link: https://www.econbiz.de/10012551438
Institutions are a major field of interest in the study of development processes. The authors contribute to this … discussion concentrating our research on political institutions and their effect on the non-income dimensions of human …
Persistent link: https://www.econbiz.de/10012551747
This paper develops a framework and some hypotheses regarding the impact of local-level, informal legal institutions on … outcomes, reflects on what the stylized differences mean for the potential impact of informal legal institutions on economic … local-level, informal legal institutions can support social substitutes for the enforcement of contracts, although these …
Persistent link: https://www.econbiz.de/10012552029
This paper provides a review of the literature on the development impact of migration and remittances on origin countries and on destination countries in the South. International migration is an ever-growing phenomenon that has important development implications for both sending and receiving...
Persistent link: https://www.econbiz.de/10012551060
This paper analyzes the bright and dark sides of the financial development process through the lenses of the four fundamental frictions to which agents are exposed -- information asymmetry, enforcement, collective action, and collective cognition. Financial development is shaped by the efforts...
Persistent link: https://www.econbiz.de/10012551352
This paper combines firm-level data from 89 countries with updated country-level data on financial structure, and uses two estimation approaches. It finds that in low-income countries, labor growth is swifter in countries with a higher level of private credit/gross domestic product; the positive...
Persistent link: https://www.econbiz.de/10012551380
During the past decade, cotton prices remained considerably below other agricultural prices (although they recovered toward the end of 2010). Yet, between 2000-04 and 2005-09 world cotton production increased 13 percent. This paper conjectures that biotechnology-induced productivity improvements...
Persistent link: https://www.econbiz.de/10012551395
The global financial crisis has not only dealt a major blow to the global economy, but also shaken confidence in economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures, especially in the housing bubble and its transmission...
Persistent link: https://www.econbiz.de/10012551570
-through the investment climate, human and social capital, and institutions. The authors then propose three complementary tools to …
Persistent link: https://www.econbiz.de/10012551736
This paper assesses the benefits, risks, and limitations of human rights based approaches to development, which can be catalogued on the basis of the institutional mechanisms they rely on: global compliance based on international and regional treaties; the policies and programming of donors and...
Persistent link: https://www.econbiz.de/10012550959