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Lots of studies were produced in the past decade on the importance of the quality of the institutions for economic development. Several authors focused on the indicators provided by Doing Business (World Bank) to highlight the main factors favouring or rather limiting the economic development....
Persistent link: https://www.econbiz.de/10010991514
This paper explores the relationship between trade openness and economic growth through a change in institutions. To do so, the paper creates a theory of endogenous institutional change where there are three social groups, each one owns a specific production factor. An ellite (landowners)...
Persistent link: https://www.econbiz.de/10004997850
measured by standard democracy indices). The results are robust to a wide range of specifications and estimation methods …
Persistent link: https://www.econbiz.de/10010904608
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
growth and of greater political participation on civil violence. Democracy is endogenous to economic growth and other …
Persistent link: https://www.econbiz.de/10010729356
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
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
Recent advances in the political economy literature suggests that constitutional arrangements determine a wide range of economic pol icy outcomes. In particular, it is argued that different forms of government (presidential versus parliamentary) induce more or less 'growth promoting' policies....
Persistent link: https://www.econbiz.de/10005764097
Natural resources in sub-Saharan Africa suffer from a bad reputation. Oil and diamonds, particularly, have been blamed for a number of Africa’s illnesses such as poverty, corruption, dictatorship and war. This paper outlines the different areas and transmission channels of how this so-called...
Persistent link: https://www.econbiz.de/10005125845
Natural resources in sub-Saharan Africa suffer from a bad reputation. Oil and diamonds, particularly, have been blamed for a number of Africa’s illnesses such as poverty, corruption, dictatorship and war. This paper outlines the different areas and transmission channels of how this so-called...
Persistent link: https://www.econbiz.de/10005688697