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Using World Bank estimates of intergenerational educational persistence and mobility for multiple across the development spectrum, this paper finds that economic freedom noticeably improves educational mobility. This is probably because economic freedom increases the returns to education in ways...
Persistent link: https://www.econbiz.de/10014348597
Persistent link: https://www.econbiz.de/10014438247
Lighthouses are the quintessential public goods and thus constitute a key illustration of market failure in need of government remedy. Considerable debates have been waged over whether optimal private provision was historically possible. However, little to no attention has been devoted to how...
Persistent link: https://www.econbiz.de/10013228310
Should procedural barriers to constitutional amendment be more onerous than those to the policy changes of ordinary politics? – i.e., should constitutions be entrenched? One criterion by which to evaluate these questions is economic performance. Using data on countries worldwide and...
Persistent link: https://www.econbiz.de/10012832951
What is self-governance, and under what sets of institutions is it possible? We explore this question from the perspective of informal (de facto) constitutionalism. The dominant approach, grounded in formal constitutionalism, overlooks crucial institutional features that determine whether...
Persistent link: https://www.econbiz.de/10012900468
A growing literature seeks to identify the determinants of economic freedom. Within that literature, very few studies have focused on constitutional design. We study the entrenchment of constitutional provisions, i.e., the extent to which they are more difficult (costly) to change than...
Persistent link: https://www.econbiz.de/10012826910
The term “marketplace of ideas” is thoroughly misleading. This phrase is often used to suggest that bad ideas are “defeated” by better ideas in public discourse. In the field of economics, for example, it is commonly assumed that the mainstream, precisely because it is the mainstream,...
Persistent link: https://www.econbiz.de/10012849746
The Xinjiang Uyghur Autonomous Region (XUAR) has recently experienced a series of policies sought to bring economic development, as well as intensive methods of social compliance. A unique leader—Chen Quanguo—along with the Communist Party of China (CPC), brought these changes in the XUAR in...
Persistent link: https://www.econbiz.de/10013221714
We explore the relationship between economic freedom and inequality. We employ the Fraser Institute’s Economic Freedom of the World (EFW) index and country-level (i) decile income shares, (ii) decile income levels, and (iii) Gini coefficients. We address concerns for endogeneity and...
Persistent link: https://www.econbiz.de/10013292159
While some view the informal economy as parasitic, others view it in a more positive light. We argue that the effect of the informal economy on development depends on both the size of the locale and the institutional environment. Good institutions facilitate productive activity and voluntary...
Persistent link: https://www.econbiz.de/10012849234