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property rights, contracting, and competition institutions is positively related to an increase in the level of credit to the …
Persistent link: https://www.econbiz.de/10010712049
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/10008701353
In models of political economy, institutionalization of free and open elections is presented as infusing competition … democratic regime and contributed to the demise of the country. I argue that nobles' democracy emerged from competition between …
Persistent link: https://www.econbiz.de/10013063731
market players fervently hoped for a bigger market. The regulatory competition between the US and the EU is more replica of …
Persistent link: https://www.econbiz.de/10014218900
This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a...
Persistent link: https://www.econbiz.de/10012314909
: competition for agricultural land, population pressure, cultural similarity and weak property rights. …
Persistent link: https://www.econbiz.de/10012322535
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/10012939240
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/10014000484
border. This result aligns with the view that competition for land is stronger and property rights are weaker close to …
Persistent link: https://www.econbiz.de/10014296791
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