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This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078
Persistent link: https://www.econbiz.de/10009747044
economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …
Persistent link: https://www.econbiz.de/10010228513
Central to the scientific debate about the 'informal sector' and the validity of the concept used to be a twofold challenge. The crux laid not only in the objective to explain the widely visible persistence of the informal economy in developing countries, but also in the identification of its...
Persistent link: https://www.econbiz.de/10010487530
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
and carefully weigh conflicting interests of its partners against its own long-term interests. The institutions Mozambique …
Persistent link: https://www.econbiz.de/10012301840
The provision of public goods in developing countries is a central challenge. This paper studies a model where each agent's effort provides heterogeneous benefits to the others, inducing a network of opportunities for favor-trading. We focus on a classical efficient benchmark – the Lindahl...
Persistent link: https://www.econbiz.de/10011709786
We study a dynamic trading game in which the information asymmetry between the agents develops over time. A seller and potential buyers start out symmetrically uninformed about the quality of a good, but the seller becomes informed after the game begins. We show that this developing adverse...
Persistent link: https://www.econbiz.de/10012937039
yearly salaries) to reduce corruption within their countries. These incentive programs would turn the weapon of greed back on … countries face and yet cannot overcome because of systemic corruption are staggering and have been largely resistant to other …
Persistent link: https://www.econbiz.de/10013001950
This paper investigates the relationship between corruption and development. By a study of the determinants of the … phenomenon as well as its implications on growth, this paper address the corruption challenge faced by governments and … not entirely clear, it is however without debate to say that development is necessarily linked with anti-corruption …
Persistent link: https://www.econbiz.de/10013241159