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all. Our empirical evidence does, however, support not only the "primacy of institutions" view, but also the important …
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that strong rule of law institutions may ameliorate the possible adverse effects of political and economic crises on … heterogeneous effects depending on the type of crisis and how we measure it. We find that rule of law institutions can control …
Persistent link: https://www.econbiz.de/10013173620
This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...
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developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion … institutions. On the other hand, if good institutions and good information about institutions do not come together, there is scope …
Persistent link: https://www.econbiz.de/10010271882
A long tradition in economics explores the association between the quality of formal institutions and economic … performance. The literature on the relationship between such institutions and happiness is, however, rather limited. In this paper …, we revisit the findings from recent cross-country studies on the institutions-happiness association. Our findings suggest …
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