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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
Persistent link: https://www.econbiz.de/10010191026
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
We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
Persistent link: https://www.econbiz.de/10010326923
We explore a newly available dataset on quality of growth to investigate the effect of institutions on growth quality … in 93 developing countries for the period 1990 to 2011. Quality of institutions is measured in term of political risk … established. First, institutions are positively related to the quality of growth. Second, institutions have significantly …
Persistent link: https://www.econbiz.de/10011407924
We study economic growth in four emerging economies – Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do mediumterm growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? (c)...
Persistent link: https://www.econbiz.de/10010991473
We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
Persistent link: https://www.econbiz.de/10009391448
This study examines the effects of the historical prevalence of infectious diseases on contemporary entrepreneurship …. Drawing on the epidemiological origin of institutions, we propose a framework which argues that the impact of infectious … disease prevalence on contemporary entrepreneurship is mediated by property rights. The central hypothesis posits that a …
Persistent link: https://www.econbiz.de/10012799894