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This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...
Persistent link: https://www.econbiz.de/10011406570
qualities. In doing so, we do not simply assess whether, how and to what extent qualities of democracy in East Africa are … qualities of democracy, we find that while the frequency of change has a beneficial impact on the qualities of democracy, the …
Persistent link: https://www.econbiz.de/10011759235
This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960 … support. These findings are robust to, among others, using night-lights instead of GDP, different democracy measures and …
Persistent link: https://www.econbiz.de/10013412764
countries, and (b) workers' remittances help reduce poverty in Latin American countries. In recent decades, workers' remittances …' remittances on economic growth and poverty in 21 Latin American countries. The study uses annual data covering all Latin American … addition, we estimate the short-run and long-run effects of workers' remittances on economic growth and poverty on individual …
Persistent link: https://www.econbiz.de/10012238423
Africa has seen a steady rise in democracy since the end of the Cold War. This paper investigates two possible … estimated using a new instrument: the spatial lag of democracy. This instrument varies over time, allowing for consideration of …
Persistent link: https://www.econbiz.de/10013090537
Bringing together the classic defense of liberty and democracy, the political economy of hierarchy, endogenous growth … theory, and the new institutional economics on growth, we propose a new institutional theory that identifies democracy … channel in which democracy holds a unique advantage over autocracy in promoting growth, especially during the stage of growth …
Persistent link: https://www.econbiz.de/10012919150
centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for …
Persistent link: https://www.econbiz.de/10013245417
Mozambique has achieved incipient but still fragile socio-economic development since 1975. The public financial management system has been reformed and improved, but its performance has weakened since 2013. Applying an institutional economics approach, we have identified the economic growth...
Persistent link: https://www.econbiz.de/10012301854
This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...
Persistent link: https://www.econbiz.de/10011668293
tries to identify the effect of democracy on economic prosperity, little work has been done to understand the determinants … of economic growth under democracy. This paper examines whether the determinants of economic growth in Latin America are …
Persistent link: https://www.econbiz.de/10014050291