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In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical considerations, I estimate the effects of economic freedom on...
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institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …
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that strong rule of law institutions may ameliorate the possible adverse effects of political and economic crises on … heterogeneous effects depending on the type of crisis and how we measure it. We find that rule of law institutions can control …
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Neil Komesar's work has transformed our understanding of how institutional analysis should be done. There is one very surprising omission from the breathtaking range of Komesar's oeuvre, however: he has never directly applied his framework to crises. My aim in this Article is to advance, at...
Persistent link: https://www.econbiz.de/10013083916