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economic freedom as an institutional variable. It has been found that economic freedom can be used as a proxy of developed … freedom. We have also found that economic freedom is beneficial to growth and favors the relationship between financial … promote greater economic freedom and well-developed institutions to improve the relationship between financial development and …
Persistent link: https://www.econbiz.de/10012012558
The paper tests the hypothesis of a positive impact of democratization on growth, economic development and changes in well-being. We construct an empirical model to explain the impact of political institutions (democracy), economic institutions, financial market efficiency, scientific...
Persistent link: https://www.econbiz.de/10014064163
The return to economic liberalism in the Anglo-Saxon world was motivated by the apparent failure of Keynesian economic … Canada and Australia. In large part, these were a product of the way that liberal economic theory was understood and …
Persistent link: https://www.econbiz.de/10013120419
This article describes how Louis Kelso's binary economics can be used to open the prevailing system of corporate finance to enable all people to access non-recourse corporate credit so as to enable them to acquire capital with the earnings of capital. In economies operating at less than full...
Persistent link: https://www.econbiz.de/10013128017
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This chapter surveys the literature on the political economy of finance. This field offers three main insights. First, it highlights the importance of the role of political institutions in financial development. Second, it shows how the distribution of political power in society drives the...
Persistent link: https://www.econbiz.de/10012950721
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This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10011374399