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From a broad philosophical framework, this paper addresses the relation between freedom and economic performance. It …
Persistent link: https://www.econbiz.de/10011109963
A new empirical field of research in economics shows that policies characterized by economic freedom produce economic … growth. “Economic freedom” means such things as a small government, protection of private property, a well-functioning legal … system, free competition and few regulations. The field also shows that under certain conditions, economic freedom improves …
Persistent link: https://www.econbiz.de/10005190443
The past two decades have witnessed economic growth differentials among countries in East Asia and Latin America. In this paper we argue that the degree of openness due to government policies in both areas may be an important factor yielding this result. We construct a simple model to highlight...
Persistent link: https://www.econbiz.de/10010991748
In this article, long term data is analyzed for the total growth of the world economy and the growth of developed (G7) and of the rapid developing economies. BRICS countries are known countries with their meetings since 2008. Rapidly developing countries such as Mexico, Argentina, Turkey,...
Persistent link: https://www.econbiz.de/10010954571
In this article, long term data is analyzed for the total growth of the world economy and the growth of developed (G7) and of the rapid developing economies. BRICS countries are known countries with their meetings since 2008. Rapidly developing countries such as Mexico, Argentina, Turkey,...
Persistent link: https://www.econbiz.de/10011110141
Persistent link: https://www.econbiz.de/10005037309
Using Kauffman, Kraay, and Mastruzzi governance indicators, this article analyzes the impact of formal institutions on the knowledge economy- by assessing how the enforcement of Intellectual Property Rights (IPRs) through good governance mechanisms affects the knowledge economy. The article also...
Persistent link: https://www.econbiz.de/10010877358
The goal of this paper is to assess how knowledge economy (KE) plays out in financial sector competition. It suggests a practicable way to disentangle the effects of different components of KE on various financial sectors. The variables identified under the World Bank’s four knowledge economy...
Persistent link: https://www.econbiz.de/10010887039
The goal of this paper is to assess how financial sector competition plays out in the development of knowledge economy (KE). It contributes at the same time to the macroeconomic literature on measuring financial development and response to the growing field of KE by means of informal sector...
Persistent link: https://www.econbiz.de/10011258952
Using Kauffman, Kraay, and Mastruzzi governance indicators, this article analyzes the impact of formal institutions on the knowledge economy- by assessing how the enforcement of Intellectual Property Rights (IPRs) through good governance mechanisms affects the knowledge economy. The article also...
Persistent link: https://www.econbiz.de/10011259085