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Donors in development cooperation increasingly emphasize the importance of public accountability in developing countries for the good functioning of democratic institutions, governance and the effectiveness of their aid. Political parties are prime actors in a democratic society that have...
Persistent link: https://www.econbiz.de/10009643541
The paper explores the link between authoritative media, which is called the public court in the paper, and economic prosperity. Three types of evidence are used. First, arguments of the superiority of the public court over traditional media are provided. Second, a formal model shows a causal...
Persistent link: https://www.econbiz.de/10008541473
This paper presents an index of institutionalized social technologies covering its two main dimensions namely Risk reducing technologies and Anti Rent seeking technologies and in turn covers several social, institutional, political and economic aspects. Specifically it attempted to classify and...
Persistent link: https://www.econbiz.de/10008476377
Thomas Piketty's (2013) book, <em>Capital in the 21st Century</em>, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10011156814
When a lengthy book is widely discussed in academic circles and the popular media, it is probably inevitable that the arguments of the book will be simplified in the telling and retelling. In the case of my book <em>Capital in the Twenty-First Century</em> (2014), a common simplification of the main...
Persistent link: https://www.econbiz.de/10011156820
sides of political power. The data seem to indicate that democratization induces additional socially wasteful investments … environment switches from a “weak” to a “strong” one. The potential tradeoff between democratization and political stability is …) employs asymmetric (G)ARCH models; (ii) analyses variations in within-country effects of democratization on the growth …
Persistent link: https://www.econbiz.de/10011019140
The aim of the paper is to study the relation between the demand for human rights and for economic prosperity. It analyzes the demand not, as it is often done in the literature, from the 'voice' perspective (political activity), but rather looks at the 'exit' perspective (migration patterns)....
Persistent link: https://www.econbiz.de/10009018226
We present and test empirically a new theory of property and contract rights. Any incentive an autocrat has to respect such rights comes from his interest in future tax collections and national income and increases with his planning horizon. We find a compelling empirical relationship between...
Persistent link: https://www.econbiz.de/10008685583
The influence of lobbying activity on economic growth and welfare is widely observed in the literature. Many scholars consider lobbying as a sort of rent-seeking and blame it for non-optimal redistribution of assets, additional costs for firms, and resource reallocation from productive...
Persistent link: https://www.econbiz.de/10010733698
This paper analyses the experience of 83 countries from the period of 1950-2004 and addresses the following question: when do democratic transitions produce (good) bad economic outcomes. Following the theoretical papers of Acemoglu et al. (2004, 2008(a)), an attempt is made to control for both...
Persistent link: https://www.econbiz.de/10010735275