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underdeveloped markets for capital and information; (2) by discouraging the evolution of the economic and political institutions …
Persistent link: https://www.econbiz.de/10012729524
Tebaldi & Mohan (2010, JDS) have established an empirical nexus between institutions and monetary poverty. We first … underlying study that institutions could have an indirect effect on multidimensional poverty. In other words, the poverty … eradication effect of institutions is through income-average as opposed to income-inequality. We discuss the confirmed findings in …
Persistent link: https://www.econbiz.de/10011409163
Why do some economies grow faster than others? Do economies in the middle-income range face especially difficult challenges producing consistent growth? Using a transition matrix analysis on decade-level growth rates, we find that the data clearly reject the idea that middle-income economies...
Persistent link: https://www.econbiz.de/10011305298
Most of the literature that explored the relationship between financial development and economic growth taking into consideration the roles played by institutional quality in the ECOWAS region still debates on the roles of institutional quality on economic growth. This study used data from...
Persistent link: https://www.econbiz.de/10012261901
Persistent link: https://www.econbiz.de/10009666505
Within the fundamental determinants of cross-country income inequality, ‘humanly devised' political institutions … inequality explainable by differences in political institutions, we decompose annual cross-country Gini coefficients for 95 … (from a Gini of 0.525 to 0.521) but the portion that cannot be explained by political institutions has increased …
Persistent link: https://www.econbiz.de/10012962120
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10009739171
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade … liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to … comparative advantage, expanding the industries that do not rely on contracting institutions in less developed countries. The …
Persistent link: https://www.econbiz.de/10011478180
Why do some economies grow faster than others? Do economies in the middle-income range face especially difficult challenges producing consistent growth? Using a transition matrix analysis on decade-level growth rates, we find that the data clearly reject the idea that middle income economies...
Persistent link: https://www.econbiz.de/10013009680