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resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While … institutions are good enough. …
Persistent link: https://www.econbiz.de/10010321368
have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that …
Persistent link: https://www.econbiz.de/10010281425
constraints on productive entrepreneurship would require that the decline in level-two institutions, such as democracy and science …We review Baumol's typology of productive, unproductive and destructive entrepreneurship. We argue that the typology is … the thesis that entrepreneurship has become less productive, due to the unintended effects of entrepreneurship policies …
Persistent link: https://www.econbiz.de/10014335837
as main agents of entrepreneurship in the BiH. …
Persistent link: https://www.econbiz.de/10012012467
This paper shows how the interaction between conflict and growth can give rise to a nonmonotone relationship between property rights and social welfare. This interaction is illustrated in a model of endogenous growth in which equilibrium diversion of resources is the cost of securing effective...
Persistent link: https://www.econbiz.de/10014199843
A fundamental requirement of market economies is the security of ownership claims to property. Yet history is littered with cases of challenges to these claims. A large literature has found contradictory evidence for the effect of income and income inequality on revolt, possibly due to omitted...
Persistent link: https://www.econbiz.de/10010519062
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
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/10013190267
Persistent link: https://www.econbiz.de/10011756983