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Several recent papers suggest that the negative association between natural resource intensity and economic growth can be reversed if institutional quality is high enough. We try to understand this result in more detail by decomposing the resource measure, using alternative measures of both...
Persistent link: https://www.econbiz.de/10010321368
This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of...
Persistent link: https://www.econbiz.de/10010294508
Much of the literature on wage inequality describes increases in wage inequality over time driven by seemingly unstoppable forces of technological change and globalisation, widening the gaps between workers and disadvantaging the lower paid. At the same time institutional protection has...
Persistent link: https://www.econbiz.de/10015054246
Dada la multiplicidad de factores que pueden afectar el desempeño empresarial, tanto para los empresarios mismos como para las autoridades económicas de los países es preciso establecer la severidad de estos obstáculos para enfocar sus esfuerzos en los problemas más críticos. En este...
Persistent link: https://www.econbiz.de/10010327098
This paper explores the institutional determinants of economic growth in Latin America by taking advantage of recent empirical research that employs subjective and objective measures to test for a possible Northian explanation that links institutional quality and economic growth. I provide a...
Persistent link: https://www.econbiz.de/10010327172
The debate over whether political democracy is the least bad regime, as Churchill once said, remains unresolved because history has been ignored or misread, and because recent statistical studies have not chosen the right tests. Using too little historical information, and mistaking formal...
Persistent link: https://www.econbiz.de/10010318596
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a crosssection of 120 countries and a...
Persistent link: https://www.econbiz.de/10010294540
This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...
Persistent link: https://www.econbiz.de/10010315563
The effects that regulation has on the innovation and the introduction of new telecommunications services have not been … previously quantified in the literature. This study compares state-regulated services in Indiana under rate of return regulation … (RoRR) and under alternative regulation. The econometric model comprises an count process (for innovation) followed by a …
Persistent link: https://www.econbiz.de/10010318609
There is a widespread public perception that the provision of NAS undermines auditor independence. In order to protect auditor independence, the regulatory frameworks of many countries include regulations and guidelines which auditors are required to observe. This paper provides a comparative...
Persistent link: https://www.econbiz.de/10013107296