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Several recent studies have found a negative relation between government size and economic growth in rich countries. Since countries with big government have experienced above average improvements in both the Economic freedom index and the KOF globalization index, we argue that existing studies...
Persistent link: https://www.econbiz.de/10014202455
for a panel of 134 countries to identify the effect of institutions of economic freedom on the level of per capita income …
Persistent link: https://www.econbiz.de/10014152313
explain how higher TNC profits lead to (e) more conservative policies and lower taxes; weakening institutions vis a vis the … competition has been insufficient to regulate market power. Labor market and other institutions were essential components for … setting in its historical context. This allows me to argue that global welfare requires global institutions, such as …
Persistent link: https://www.econbiz.de/10013089923
This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries...
Persistent link: https://www.econbiz.de/10012021637
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...
Persistent link: https://www.econbiz.de/10009534885
This paper argues that economic competition and political contestability are two key determinants of the successful development of the Swiss economy in the nineteenth and twentieth century. We describe how Switzerland evolved from a relatively poor country with no natural resources and net...
Persistent link: https://www.econbiz.de/10003845180
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10013122110
A growing body of theoretical and empirical literature analyses the relationship between finance and economic growth. The relationship has been strongly supported by many empirical analyses. However, Global Financial Crisis, 2008 and significantly improved econometric techniques made scholars to...
Persistent link: https://www.econbiz.de/10012952859
, which has focused on the role of institutions in fostering development. Institutions primarily reflect domestic conditions …
Persistent link: https://www.econbiz.de/10014223292
One of the most outstanding accomplishments of the economic science over the last decades is the development of a sound and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic increases in well-being are attainable whenever the right...
Persistent link: https://www.econbiz.de/10014495894