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Dismissal laws, innovation, and economic growth
Subramanian, Krishnamurthy V. - 2018
innovation and thereby economic growth. Theoretically, dismissal laws make it costly for firms to arbitrarily discharge employees …. This enables firms to commit to not punish short-run failures of employees. Because innovation is inherently risky and …, but path-breaking, projects thereby fostering firm-level innovation. I provide empirical evidence supporting this thesis …
Persistent link: https://www.econbiz.de/10011858380
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Institutions, Innovations, and Growth
Huang, Haizhou; Xu, Chenggang - 2021
The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...
Persistent link: https://www.econbiz.de/10013317723
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Inclusive growth : the case of Germany
Schmid, Günther - 2018
This paper argues that inclusive growth appears to be the only suitable strategy for realising the right to decent work (RDW) in the digital economy. This reasoning is in blunt opposition to the current mood of giving up this right in favour of an unconditional basic income (UBI). The study...
Persistent link: https://www.econbiz.de/10011866853
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Institutions and development : a view from below
Pande, Rohini; Udry, Christopher - 2005
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10003809737
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Growth engines of the South? : South Africa’s, Brazil’s and Turkey’s market constellations in comparison
Duman, Alper; Heise, Arne - 2009
The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous "Great Depression" of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...
Persistent link: https://www.econbiz.de/10008663672
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Growth engines of the South? South Africa's, Brazil's and Turkey's market constellations in comparison
Duman, Alper; Heise, Arne - 2009
The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous "Great Depression" of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...
Persistent link: https://www.econbiz.de/10003940299
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A new way to link development to institutions, policies and geography
Basu, Sudip Ranjan - 2008
The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) by using...
Persistent link: https://www.econbiz.de/10003875280
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Institution and development revisited : a nonparametric approach
Basu, Sudip Ranjan; Das, Monica - 2008
The paper uses nonparametric methodology to examine the role of institutions in understanding differential levels of development across countries. This technique estimates first order derivatives for every country allowing a deeper look into the impact of institutions on development. The...
Persistent link: https://www.econbiz.de/10003875282
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Economic systems of OECD nations : impact and evolution
Pryor, Frederic L. - 2004
This essay argues that economic systems should be defined in terms of clusters of complementary institutions. To show how such an approach can be carried out, I use a cluster analysis technique and data on forty different economic institutions in OECD nations to isolate four quite different...
Persistent link: https://www.econbiz.de/10011503522
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Economic Growth and Institutional Reform in Modern Monarchies and Republics : A Historical Cross-Country Perspective 1820-2000
Bjørnskov, Christian - 2008
Standard theoretical arguments suggest that republics ought to grow faster than monarchies and experience lower transitional costs following reforms. We employ a panel of 27 countries observed from 1820-2000 to explore whether regime types and institutional reforms have differential growth...
Persistent link: https://www.econbiz.de/10012724722