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This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078
The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...
Persistent link: https://www.econbiz.de/10012437721
entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high …
Persistent link: https://www.econbiz.de/10011977827
funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the …
Persistent link: https://www.econbiz.de/10011925841
investment. For the first case, we find that even absent asymmetric information, a lack of regulatory commitment can cause …
Persistent link: https://www.econbiz.de/10010190802
on competition, and therefore on business dynamism, productivity and ultimately well-being. A recent update of the OECD …. Regulatory reform can improve consumer welfare by boosting competition and thus lowering prices of key goods and services, which … competition will also allow higher wages. Reducing barriers to entry can facilitate firm creation, boosting investment and jobs. …
Persistent link: https://www.econbiz.de/10012304414
sector regulators in network industries and the powers of the Competition Authority can still be enhanced, as the reform …
Persistent link: https://www.econbiz.de/10010375394
We address the role that deep, structural factors may have as determinants of Mexico's economic growth. We argue that Mexico's poor growth performance appears to be associated not only with shorter-run events such as the "lost decade" of the eighties, but also with supply-side features of the...
Persistent link: https://www.econbiz.de/10003909564
Technical innovation has bestowed us with an abundance of channels for audiovisual media providers. More and more platforms for distributing content have become available. Cable and satellite systems have significantly increased their capacity in recent years. The quality of IPTV (Television...
Persistent link: https://www.econbiz.de/10008738335
considerations. They argue that important policy goals like universal service will not be achieved by competition. However, an … my article, I describe a new concept of public-private competition, according to which governments use state owned … possible to extend public-private competition from urban to rural areas, where markets are too small to sustain more than one …
Persistent link: https://www.econbiz.de/10008738339