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We investigate the role of oil in economic institutions for a sample of 150 countries between 1960 and 2014. We find … that higher per capita values of oil production result in weaker economic institutions in the form of lower levels of … operationalizations of oil income and production as well as economic institutions. We argue that our finding is indicative of oil interest …
Persistent link: https://www.econbiz.de/10013469795
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 countries for the 1971-2010 period. From a panel causality study we find that income inequality has a negative causal effect on economic freedom, while causation does not run in the...
Persistent link: https://www.econbiz.de/10012903753
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 countries for the 1971-2010 period. From a panel causality study we find that income inequality has a negative causal effect on economic freedom, while causation does not run in the...
Persistent link: https://www.econbiz.de/10011403647
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 countries for the 1971-2010 period. From a panel causality study we find that income inequality has a negative causal effect on economic freedom, while causation does not run in the...
Persistent link: https://www.econbiz.de/10011411131
Persistent link: https://www.econbiz.de/10011715064
Populist movements increasingly challenge liberal Western market democracies. Populism can be explained only in part by phenomena like globalization and digitization producing winners and losers in economic terms. Growing feelings of alienation from the market-democratic system and the perceived...
Persistent link: https://www.econbiz.de/10014455539
In recent years, commentators have noticed that the European liberal order is ‘under attack'. Traditional parties of the center are in decline. Populist movements of the right and the left have won elections or significant shares in parliaments. In the face of this ‘new' crisis of...
Persistent link: https://www.econbiz.de/10012860740
Persistent link: https://www.econbiz.de/10012670469
Persistent link: https://www.econbiz.de/10012423516
The economic tradition of ordoliberalism, understood as the theoretical and policy ideas of the Freiburg School, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world. The crisis in...
Persistent link: https://www.econbiz.de/10013471530