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This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with...
Persistent link: https://www.econbiz.de/10010278293
opportunities to enhance long-term output per capita and productivity growth. -- financial crises ; democracy ; political …
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Several studies have documented a negative relationship between democracy and volatility. The latter is usually … institutions, macroeconomic policies and financial development, we find that democracy is the most robust predictor of a country … entry for new firms. This leads to less sectoral diversification: fewer sectors are operated but more resources are …
Persistent link: https://www.econbiz.de/10014214065
constitutional bill are impossible to establish, an analysis of the Icelandic constitution-writing efforts as 'digital democracy …
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This paper reviews aspects of the constitution making process in Iceland after the financial collapse of 2008 …, emphasizing the differences between the provisional constitution of 1944 when Iceland separated unilaterally from Nazi …-occupied Denmark and Denmark's 1849 constitution which served, with notable exceptions, as the prototype for Iceland’s 1944 …
Persistent link: https://www.econbiz.de/10011658015