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Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an...
Persistent link: https://www.econbiz.de/10003865933
We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracy on institutional quality is increasing...
Persistent link: https://www.econbiz.de/10012236426
We consider a world in which the mode of food production, foraging or agriculture, is endogenous, and in which … to a one-way transition from foraging to agriculture …
Persistent link: https://www.econbiz.de/10014066589
countries than in developed countries. However, GDP per capita, agriculture value-added as a percentage of GDP, and inflation … influence FDI inflows negatively in developed countries, while GDP per capita, trade openness, agriculture value-added as a …
Persistent link: https://www.econbiz.de/10011972651
frequency of droughts. The latter two effects are particularly strong in Sub-Sahara Africa where low-tech rain-fed agriculture …
Persistent link: https://www.econbiz.de/10010354719
frequency of droughts. The latter two effects are particularly strong in Sub-Sahara Africa where low-tech rain-fed agriculture …
Persistent link: https://www.econbiz.de/10010348298
Persistent link: https://www.econbiz.de/10009012971
Persistent link: https://www.econbiz.de/10011879080
Regarding the Arab region, GDP per capita virtually stagnated for more than 20 years from 1980. During the same period, GDP per capita in the world's highly industrialized states further increased and the gap between the Middle East and North Africa (MENA) and the highly developed countries...
Persistent link: https://www.econbiz.de/10011930085
. Exploiting within-country variation to identify the effect of democratization during the "Third Wave", we find evidence that the … effect of democratization is weaker than reported previously once one accounts for the incidence of conflict, while the … significantly reduce the incidence and onset of conflict, which suggests that part of the positive growth effect of democratization …
Persistent link: https://www.econbiz.de/10009238580