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Protection of Property Rights and Growth as Political Equilibria

Asoni, Andrea - 2008

This paper presents a survey of the literature on property rights and economic growth. It discusses different theoretical mechanisms that relate property rights to economic development. Lack of protection of property rights can result in slow economic growth through different channels:...

Persistent link: https://www.econbiz.de/10010320102

Globalization, institutions, and the ethnic divide: Recent longitudinal evidence

Wunnava, Phanindra V.; Mitra, Aniruddha; Prasch, Robert E. - 2012

This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...

Persistent link: https://www.econbiz.de/10010282215

From institutions to financial development and growth : what are the links?

Fernández, Andrés; Tamayo, César E. - 2015

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...

Persistent link: https://www.econbiz.de/10011290078

Property rights and economic freedom: an econometric analysis

Van, Germinal G. - 2020

The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...

Persistent link: https://www.econbiz.de/10012437721

Resolving financial distress where property rights are not clearly defined : the case of China

Franks, Julian R.; Miao, Meng; Sussman, Oren - 2022

We use data on financially distressed Chinese companies in order to study a debt market where property rights are crudely defined and poorly enforced. To help with identification we use an event where a business-friendly province published new guidelines regarding the administration and...

Persistent link: https://www.econbiz.de/10013555712

Investing in Public Infrastructure : Roads or Schools?

Atolia, Manoj - 2017

Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...

Persistent link: https://www.econbiz.de/10012945687

Domestic Debt Market in India – Its Resilience in Funding Infrastructure

Swamy, Vighneswara - 2014

As India is projected to be the world's most populous country by 2025, the growing needs of the economy, with expanding population, in the recent years have placed intense stress on physical infrastructure. In order to meet the deficit in the provision of infrastructure, mid-term appraisal of...

Persistent link: https://www.econbiz.de/10013048003

Efficient Energy Investment and Fiscal Adjustment in Senegal

Issoufou, Salifou - 2014

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...

Persistent link: https://www.econbiz.de/10013055672

Capital markets, infrastructure investment and growth in the Asia Pacific region

Regan, Michael - In: International Journal of Financial Studies : open … 5 (2017) 1, pp. 1-28

This paper examines the relationship between infrastructure investment activity, capital market development, the role of public institutions and economic development in the Asia Pacific. It adopts a review approach drawing on empirical evidence over recent decades. Infrastructure is shown to be...

Persistent link: https://www.econbiz.de/10011649314

Supply and Demand for Telecommunication Infrastructure

Veith, Tobias - 2010

to initiate adequate investment incentives.Using a two-equation estimation approach, a direct competition effect (more … service competition increases the supply of infrastructure) can be disentangled from an indirect effect (more service … competition increases the demand for infrastructure quality and, as a consequence, increases the supply of infrastructure). While …

Persistent link: https://www.econbiz.de/10013135021

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