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Democracy's Unique Advantage in Promoting Economic Growth : Quantitative Evidences for a New Institutional Theory
Tang, Rui - 2018
theory, and the new institutional economics on growth, we propose a new institutional theory that identifies democracy … via innovation. Our theory thus predicts that democracy holds a positive but indirect effect upon growth via the channel … theory. To our best knowledge, we are the first to propose such an indirect and conditional effect of democracy upon economic …
Persistent link: https://www.econbiz.de/10012919150
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Preparing Developed Democracies for Long-Run Economic Slowdowns
Burgess, Matthew; Carrico, Amanda; Gaines, Steven D.; … - 2021
centuries. This unprecedented global growth coincided with the global proliferation of democracy, with some evidence for …, we propose that preparations should include efforts to: (i) reduce inequality; (ii) socially integrate diverse …
Persistent link: https://www.econbiz.de/10013245417
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Income Distribution : Effects on Growth and Development
Birdsall, Nancy - 2007
.45. Theory and evidence suggest that high inequality affects growth: (1) through interaction with incomplete and …I review the literature on the effects of inequality on growth and development in the developing world. Two stylized … facts emerge from empirical studies: inequality is more likely to harm growth in countries at low levels of income (below …
Persistent link: https://www.econbiz.de/10012729524
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The Deep Determinants of the Middle-Income Trap
Glawe, Linda - 2017
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called ‘deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012941654
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The deep determinants of the middle-income trap
Glawe, Linda; Wagner, Helmut - 2017
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called `deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012205933
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The deep determinants at more subtle stages of development : the example of the middle-income trap phenomenon
Glawe, Linda; Wagner, Helmut - 2017
The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many empirical studies. However, so far, very little has...
Persistent link: https://www.econbiz.de/10012205937
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Impact of colonial institutions on economic growth and development in India : evidence from night lights data
Jha, Priyaranjan; Talathi, Karan - 2021
We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure institutions implemented by the British, on disparity in present day development using district level data from India. Using nightlights per capita as a proxy for district level per...
Persistent link: https://www.econbiz.de/10012508730
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Financial development, institutional quality and economic growth : evidence from ECOWAS countries
Appiah, Michael; Li, Fanglin; Frowne, Doreen Idan - In: Organizations and markets in emerging economies 11 (2020) 1, pp. 6-17
Most of the literature that explored the relationship between financial development and economic growth taking into consideration the roles played by institutional quality in the ECOWAS region still debates on the roles of institutional quality on economic growth. This study used data from...
Persistent link: https://www.econbiz.de/10012261901
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Diversity of communities and economic development : an overview
Ranis, Gustav - 2009
role of decentralization, democracy and markets as potential remedies are discussed. The paper then presents a number of …
Persistent link: https://www.econbiz.de/10003879770
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Did Africa's first choices matter? : growth legacies of leaders at independence
Jørgensen, Christina Mangaard; Bjørnskov, Christian - 2015
We explore the potential effects of the first leaders of Sub-Saharan Africa. We first outline a set of theoretical reasons for why leaders may matter particularly at the critical juncture of African independence and why this influence may be persistent. In an unbalanced panel from 40 African...
Persistent link: https://www.econbiz.de/10011346680