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Corruption, capital account liberalization, and economic growth: Theory and evidence
Kunieda, Takuma; Okada, Keisuke; Shibata, Akihisa - In: Economie Internationale (2014) 139, pp. 80-108
We investigate, both theoretically and empirically, how the negative effect of government corruption on economic growth is magnified or reduced by capital account liberalization. Our model shows that highly corrupt countries impose higher tax rates than do less corrupt countries, thereby...
Persistent link: https://www.econbiz.de/10010933179
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Economic Growth In The European Model
Sirghi, Nicoleta - In: Analele Stiintifice ale Universitatii "Alexandru Ioan … 2010SE (2010) july, pp. 317-327
. For this reason, the mechanisms of the cohesion policy can improve the tendencies of the economic activities concentration …
Persistent link: https://www.econbiz.de/10008693673
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The influence of OPEC membership on economic development: A transaction cost comparative approach
Escobar, Octavio R.; Le Chaffotec, Alexandra - In: Research in International Business and Finance 33 (2015) C, pp. 304-318
This paper examines the effects of OPEC membership on economic development. Using the theory of transaction cost economics (TCE), we show that OPEC satisfies the characteristics of a hybrid organisation under TCE. Thus, membership in OPEC should improve economic development by reducing...
Persistent link: https://www.econbiz.de/10011116361
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Democracy and Growth: Is The Effect Non-Linear?
Libman, Alexander - In: Economic Research Guardian 2 (2012) 1, pp. 99-120
The paper provides a survey of theoretical and empirical literature on non-linear impact of democracy on economic … of some semi-democracies and semi-autocracies. Finally, it discusses the opportunity to test the growthand- democracy …
Persistent link: https://www.econbiz.de/10010928117
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Indices, Institutions and Economic Growth: In Search of Reliable Indicators (recount)
Yanovsky, Konstantin; Menyashev, Rinat; Ginker, Timofey - Gaidar Institute for Economic Policy - 2014
The ratings of economic and political institutions are well-known and widely used in the Social Science literature. These ratings are heavily relied on Experts' evaluations with subjective ordinal ranking (i.g., from -10 to 10 points). Such evaluations can be occasionally driven by ideological...
Persistent link: https://www.econbiz.de/10010929542
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Institutions, ratings and economic growth: in search of reliable indicators
Menyashev, Rinat; Natkhov, Timur; Yanovskiy, Konstantin - National Research University Higher School of Economics - 2013
The ratings of political institutions are well-known and widely used in academic literature. These ratings are mostly based on expert evaluations. However, such evaluations can be subjective and occasionally driven by ideological considerations. In this paper we propose two new indicators of...
Persistent link: https://www.econbiz.de/10010734226
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Institutional interactions and economic growth: The joint effects of property rights, veto players and democratic capital
Justesen, Mogens K.; Kurrild-Klitgaard, Peter - Volkswirtschaftliche Fakultät, … - 2013
We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...
Persistent link: https://www.econbiz.de/10011112508
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The Political Economy of Growth: A Review
Hazama, Yasushi - Institute of Developing Economies, Japan External Trade … - 2008
This cursory literature review discusses the direct and indirect effects of institutions, governance, and democracy on …. Even reforms that are less than comprehensive can stimulate, though not sustain, growth. Second, democracy neither promotes … but not democracy does not. The difference may be partly due to negative effects on investment and labor supply as well as …
Persistent link: https://www.econbiz.de/10005816506
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Price Distortions and Economic Growth in Sub-Saharan Africa
Anderson, Kym; Brückner, Markus - C.E.P.R. Discussion Papers - 2011
To what extent has Sub-Saharan Africa’s slow economic growth over the past five decades been due to price and trade policies that have discouraged production of agricultural relative to non-agricultural tradables? This paper uses a new set of estimates of policy distortions to relative prices...
Persistent link: https://www.econbiz.de/10009246604
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Price Distortions and Economic Growth in Sub-Saharan Africa
Anderson, Kym; Brückner, Markus - School of Economics, University of Adelaide - 2011
To what extent has Sub-Saharan Africa's slow economic growth over the past five decades been due to price and trade policies that have discouraged production of agricultural relative to non-agricultural tradables? This paper uses a new set of estimates of policy distortions to relative prices to...
Persistent link: https://www.econbiz.de/10009352223