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sociopolitical institutions because they (a) involve a strong degree of increasing returns to scale and the natural monopoly powers …
Persistent link: https://www.econbiz.de/10012775813
ecclesiastical conflicts shows that religous fractionalization likely has negative effects on economic growth. -- Conflict ; religion … ; institutions ; economic development …
Persistent link: https://www.econbiz.de/10003831220
(Islamic) law. These theories take as exogenous the cultural values that complement the prevailing institutions. As a result … institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …
Persistent link: https://www.econbiz.de/10012433961
Persistent link: https://www.econbiz.de/10011931484
-colonial autocratic institutions within ethnic groups and the emergence of autocratic institutions across countries. Diversity has … amplified the importance of institutions in mitigating the adverse effects of non-cohesiveness on productivity, while … contributing to the scope for domination, leading to the formation of institutions of the autocratic type. …
Persistent link: https://www.econbiz.de/10011645955
This paper studies the persistent impact of good institutions on economic development in China. By exploiting a British … customs institutions are also better developed today. Moreover, I show that the institutional switch was exogenous to the pre …-colonial development, and I provide different estimation models to reveal a robust and causal relationship between good institutions and …
Persistent link: https://www.econbiz.de/10011880434
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
Persistent link: https://www.econbiz.de/10011432806
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