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We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions 'trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects …
Persistent link: https://www.econbiz.de/10005667122
This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can … identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that … institutions. A range of evidence indicates that participatory democracies enable higher-quality growth. …
Persistent link: https://www.econbiz.de/10005791566
We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005136734
political institutions follow the paradigm more closely. Hence, our model suggests that development paradigms have a tendency to …
Persistent link: https://www.econbiz.de/10010636581
family or individual decisions given past, current and expected future resources, markets, policies, and other institutions …
Persistent link: https://www.econbiz.de/10010702977
Using panel data for a maximum of 109 countries over the years 1976-2000, we empirically analyze the impact of decentralization on the occurrence of transnational terror. Taking account of the potential simultaneity between terror and decentralization, our results show that expenditure...
Persistent link: https://www.econbiz.de/10005731496
The paper presents a political economy model linking terror and governments’ respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights – measured by three indices covering a wide...
Persistent link: https://www.econbiz.de/10005731515
Persistent link: https://www.econbiz.de/10001622696
We estimate the interrelationships among economic institutions, political institutions, openness, and income levels … openness and better institutions, but these effects are not very strong. Rule of law and democracy tend to be mutually …
Persistent link: https://www.econbiz.de/10005666734
We analyse the interplay of policy reform and entrepreneurship in a model where investment decisions and policy outcomes are both subject to uncertainty. The production costs of non-traditional activities are unknown and can only be discovered by entrepreneurs who make sunk investments. The...
Persistent link: https://www.econbiz.de/10005791665