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Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic … productivity, cultural beliefs and institutions. In our model, production shocks that benefit one sector of the economy may induce …
Persistent link: https://www.econbiz.de/10011949432
Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do … institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with … prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital …
Persistent link: https://www.econbiz.de/10011641551
The concepts social innovation and social entrepreneurship have gained considerable attention both in different fields of academic research and in the context of the development of economic and social policies. However, despite its wide-spread use there does not exist a unique or at least widely...
Persistent link: https://www.econbiz.de/10010431695
productivity growth and its variation within capitalist economies. The aim is to identify how institutions steer productivity … growth. Based on the vast literature demonstrating that institutions not only have a direct impact on the innovative …
Persistent link: https://www.econbiz.de/10015407878
Tech Reg refers to the regulation of internet-connected digital businesses and the discipline that studies the when, and how, to do that. It covers areas as diverse as big tech, crypto, fintech, gig, misinformation, privacy, and telemedicine. It will expand over the coming decades as the digital...
Persistent link: https://www.econbiz.de/10013312698
This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in … a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation …. The relationship between institutions and robots is stronger in sunk cost-intensive industries, where producers are more …
Persistent link: https://www.econbiz.de/10012103580
Identity is an input into economic exchange and contracting. The modern industrial economy has relies on cheap political identity to create trust and lower transaction costs. Market economies, however, have different identity needs than an administrative state. Economic efficiency in a digital...
Persistent link: https://www.econbiz.de/10012842998
We review some patterns of Total Factor Productivity (TFP) growth in the Mexican economy during the period 1991-2011 using the KLEMS data set published by INEGI in 2013. The data shows a strong positive correlation between TFP and output growth. As a result, tests were performed in order to...
Persistent link: https://www.econbiz.de/10011399188
This study investigates the relationship between economic growth and democracy by estimating a nation's production function specified as static and dynamic models using panel data. In estimating the production function, it applies a single time trend, multiple time trends and the general index...
Persistent link: https://www.econbiz.de/10011704213
Economic growth in the East Asian economies was remarkable during the latter part of the 20th century, starting with Japan just after World War II, followed by the East Asian Tigers and "tiger cubs" after that and, most recently, the People's Republic of China and India. The high, sustained...
Persistent link: https://www.econbiz.de/10011591072