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The present article analyses the impact of government instability, internal tensions, and political competition on economic growth in selected countries using the Panel-ARDL model from 1995 to 2020. Political instability, one of the chief obstacles to the performance of public functions,...
Persistent link: https://www.econbiz.de/10014237109
As competition in the economic market yields consumer benefits, political competition is supposed to be welfare-enhancing for citizens in terms of providing information, increasing political choice, promoting competence and good behaviour. Even so, recent literature concerning the benefits of...
Persistent link: https://www.econbiz.de/10013130852
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based … institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory …
Persistent link: https://www.econbiz.de/10014025596
political competition always leads to greater financial development. Our results are robust to a range of estimation techniques …
Persistent link: https://www.econbiz.de/10015067022
techniques might not be able to replace sound economic theory but they help separating the wheat from the chaff when it comes to …
Persistent link: https://www.econbiz.de/10012301277
This paper investigates the extent to which productivity growth is the result of firm turnover as output is shifted from one firm to another, driven by the competitive process. Turnover occurs as some firms gain market share and others lose it. Some of the resulting turnover is due to entry and...
Persistent link: https://www.econbiz.de/10014209428
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School vouchers may increase the competition public school districts face. Greater competition may spur public schools to improve student outcomes, which reliably predict labor market productivity and earnings. Previous school competition studies do not use spatial statistics; they fail to...
Persistent link: https://www.econbiz.de/10014028047