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this change to the reversal in the nature of economic institutions, which eat underwent a series of growth …
Persistent link: https://www.econbiz.de/10011491841
This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental … cause of differences in economic development. We first document the empirical importance of institutions by focusing on two … “quasi-natural experiments” in history, the division of Korea into two parts with very different economic institutions and …
Persistent link: https://www.econbiz.de/10014023781
Persistent link: https://www.econbiz.de/10012304891
innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with … economies may switch out of the investment-based strategy too soon, so certain economic institutions and policies, such as …
Persistent link: https://www.econbiz.de/10014073922
Persistent link: https://www.econbiz.de/10009614340
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Revolution -- 3 Institutions and the Resource Curse in Early Modern Spain -- 4 Slavery, Inequality, and Economic Development in … Democracies -- III Contemporary Evidence -- 10 Formalizing Informal Institutions -- 11 Making Autocracy Work -- 12 Democracy …Institutions and Economic Performance explores the question of why income per capita varies so greatly across countries …
Persistent link: https://www.econbiz.de/10014477993
Persistent link: https://www.econbiz.de/10012515851
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10014027132
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10011557905