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The present paper assesses the interactions between innovation and economic institutions within the context of the … innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be … influenced by level of innovations. This indicates that while institutions and innovations can be inequality-inducing, their …
Persistent link: https://www.econbiz.de/10014434530
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 …
Persistent link: https://www.econbiz.de/10012508730
phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and … which a positive change of a country's economic institutions can attract inflows of physical capital from abroad, leading to … institutions can lead to substantial divergence in income over time. We derive conditions under which a country receives inflows of …
Persistent link: https://www.econbiz.de/10012696550
The 1980s saw the publication of several very influential works within the post keynesian tradition on growth and distribution. With Kaleckian mark-up pricing, and a flexible rate of capacity utilization in the investment function, these models indicated that wages and growth are negatively...
Persistent link: https://www.econbiz.de/10012724801
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world …. -- shared societies ; economic inclusion ; institutions ; economic growth ; income distribution …
Persistent link: https://www.econbiz.de/10009704290
We study economies where improving the quality of institutions - modeled as improving contract enforcement - requires …
Persistent link: https://www.econbiz.de/10011940764
This paper is meant to analyse the effects of labour market structural reforms by means of an agent-based model. Building on Dosi et al., (2016b) we introduce a policy regime change characterized by a set of structural reforms on the labour market, keeping constant the structure of the capital-...
Persistent link: https://www.econbiz.de/10011509121
This paper analyzes the conflicts of interest arising from the "revolving door". The revolving door is a common phenomenon, and it is unlikely that most of it can be explained by "regulatory capture", a practice that is unlawful. Therefore, there is a need for a new framework. This paper...
Persistent link: https://www.econbiz.de/10011640569
Theoretical and empirical evidence on the relationship between institutions and economic prosperity remains ambiguous … bundled approach for measuring institutions. This approach takes into account interrelations in form of hierarchies between … political, economic and the societal institutions and thereby adds to the literature that deals with the mechanisms of economic …
Persistent link: https://www.econbiz.de/10013459883