Showing 1 - 10 of 71
Faster courts favor economic development in States with sufficiently constrained executive power, whereas they harm development in States where political power is relatively unconstrained. We document this novel pattern across developing countries, and build a simple model of the State as a...
Persistent link: https://www.econbiz.de/10014173795
This paper describes the methodology used to build the WJP Rule of Law Index – a new quantitative assessment tool designed to offer a comprehensive picture of the extent to which countries adhere to the rule of law in practice. The WJP Rule of Law Index provides new data on nine dimensions of...
Persistent link: https://www.econbiz.de/10014175281
We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support cooperation for different types of transactions but that the existence of...
Persistent link: https://www.econbiz.de/10014180666
We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support cooperation for different types of transactions but that the existence of...
Persistent link: https://www.econbiz.de/10014185419
Multilateral organizations increasingly claim to be conditioning foreign aid on institutional reform of the recipient country. We test whether increases in aid flows are related to current and future institutional improvements by relating Economic Freedom measures of the quality of countries'...
Persistent link: https://www.econbiz.de/10014225452
Beginning in the second half of the 17th century any deputy could dismiss a session of the Polish-Lithuanian parliament by shouting: I do not allow. This political device came to be known as liberum veto, an unceasing subject of controversy. Historians blame it for the decline and subsequent...
Persistent link: https://www.econbiz.de/10014163779
To unravel the roots of the relationship between the Individualism-Collectivism dimension of culture (IC) and market-supporting institutions, we develop a micro-founded model in which the two interact and coevolve. IC and institutions are related indirectly, via social organization: Individuals...
Persistent link: https://www.econbiz.de/10014082006
The 2010 World Bank Doing Business Report ranks Moldova in the top decile on reforms aimed at improving the local doing business environment. Moldova's success is attributed to a number of new policy reforms, started in 2009, which simplified the existing administrative processes of business...
Persistent link: https://www.econbiz.de/10014140214
Capital importing countries use bilateral investment treaties (BITs) as a means to attract foreign investors who see in these investment agreements an effective tool to employ in case of potential investment disputes. Several countries, often at the expense of their sovereign rights, have...
Persistent link: https://www.econbiz.de/10012967252
Thomas Piketty's (2013) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013040288