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that political institutions are a key determinant of human capital accumulation and long-run economic development. …
Persistent link: https://www.econbiz.de/10012161499
We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracies on economic institutional quality...
Persistent link: https://www.econbiz.de/10013342090
The paper assesses the global effects of brain drain on developing economies and quantifies the relative sizes of various static and dynamic impacts. By constructing a unified generic framework characterized by overlapping-generations dynamics and calibrated to real data, this study incorporates...
Persistent link: https://www.econbiz.de/10010269352
Conventional wisdom about the relationship between income distribution and economic development has been subjected to … the development process. In early stages of industrialization, as physical capital accumulation was a prime engine of … growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity …
Persistent link: https://www.econbiz.de/10010282627
Conventional wisdom about the relationship between income distribution and economic development has been subjected to … for economic development, the Neoclassical paradigm, which had subsequently dominated the field of macroeconomics …
Persistent link: https://www.econbiz.de/10010284077
Persistent link: https://www.econbiz.de/10003902502
Persistent link: https://www.econbiz.de/10011485307
Why has polygyny, marriage of a man to multiple women, common in most societies throughout history, almost disappeared in modern industrialized countries? Do women play a role in its disappearance? A simple theoretical model suggests that at the later stage of the transition from polygyny to...
Persistent link: https://www.econbiz.de/10010422242
theoretical approaches to economic development after World War II. In order to find answers and to present a current issue why and … how certain countries have made progress while others have regressed in the development process, many theories and models … explaining processes of growth and development have emerged and developed. By applying the method of analysis, synthesis and …
Persistent link: https://www.econbiz.de/10012010524
Persistent link: https://www.econbiz.de/10012035353