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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 …
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are guided by formal institutions as well as informal norms and values. As this survey shows, there is great regional … heterogeneity in gender inequality in formal and informal social institutions. The literature on long‐term drivers of gender gaps …, political and economic empowerment, access to resources, and social institutions on development outcomes. The paper then shows …
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through institutional mechanisms. The purpose of this paper is to explore the relationship between social sector institutions … and basic institutions, taking into account the economic development of countries and the way in which they are formed. A … number of empiric studies confirmed significant role of institutions to provide conditions for economic development. In order …
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natural resources rents may reduce incentives to invest in fiscal capacity. However, political institutions that limit rulers … mainly through institutions that make the tax system accountable and transparent. Thus it is possible to develop both fiscal …
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This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...
Persistent link: https://www.econbiz.de/10014023773