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The Varieties of Capitalism literature has drawn little attention to industrial renewal and diversification, while the … related diversification literature has neglected the institutional dimension of industrial change. Bringing together both … literatures, the paper proposes that institutions have an impact on the direction of the diversification process, in particular on …
Persistent link: https://www.econbiz.de/10010942927
The Varieties of Capitalism literature has drawn little attention to industrial renewal and diversification, while the … related diversification literature has neglected the institutional dimension of industrial change. Bringing together both … literatures, the paper proposes that institutions have an impact on the direction of the diversification process, in particular on …
Persistent link: https://www.econbiz.de/10011251901
Twelve years into transition process, Serbia doesn’t have consistent, if any, let alone coherent economic development policy. This review is therefore aimed at Serbian (and alike transition countries’) policy-makers and stake-holders in an effort to distill the ever-green lessons available...
Persistent link: https://www.econbiz.de/10010969068
This paper defines economic slumps as a sequence of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among a large sample of countries, and then examine the phases of decline. In several countries declines last extremely long, and we suggest...
Persistent link: https://www.econbiz.de/10010856482
Abstract. Over the past decade, most emerging and transition economies are experiencing fast growth, which is above the world average, and a consistent institutional change. The aim of this paper is twofold. First of all, a cross-country analysis of a group of emerging and transition economies...
Persistent link: https://www.econbiz.de/10005449342
This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...
Persistent link: https://www.econbiz.de/10010736742
A major international transmission channel of productivity increases is trade in intermediate products and services. This paper analyses international rent spillovers at the industry level and for the first time investigates effects from the service sector in this international framework. The...
Persistent link: https://www.econbiz.de/10010686970
This paper creates a theory of endogenous growth with endogenous institutional change to analyse the impact that trade openness has on economic growth through a change in institutions in pre-industrial societies. An elite (landowners) controlling the political power expropriates another social...
Persistent link: https://www.econbiz.de/10010717647
Diversification, especially in the context of small, highly trade-dependent economies, has recently become quite a …-income countries seeking to improve their economic conditions or strengthen their economies. However, diversification per se is not …-making, and assessing the circumstances under which economic diversification can indeed be a desirable goal for a country to …
Persistent link: https://www.econbiz.de/10005187396
The spatial distribution of oil is determined by natural geography alone. However, we show that the distribution of oil exploration is affected by the quality of countries’ institutions. A global data set on the precise location of oil wells and national borders allows for a regression...
Persistent link: https://www.econbiz.de/10011133078