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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
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...
Persistent link: https://www.econbiz.de/10011290078
The objective of this paper is to study the effect of institutional factors on economic growth of a set of 37 developed and developing countries for six successive periods of five years, from 1975 until 2000, using a static panel data model. The key findings generated by this empirical test...
Persistent link: https://www.econbiz.de/10009705171
This paper investigates the effects of inflation on per capita income growth for 36 developed and developing countries by using structural vector autoregression models that are robust to the consideration of endogeneity by construction. The results show evidence for heterogeneity of such effects...
Persistent link: https://www.econbiz.de/10012846059
Digitalisation may be viewed as a sequence of supply and technology shocks affecting the economy through productivity and output, employment and labour markets, competition and market structure. This paper focuses on the effects of digitalisation on economic growth, and how those effects may...
Persistent link: https://www.econbiz.de/10014076473
Persistent link: https://www.econbiz.de/10013455798
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … explanation of the positive relationship between economic development, education, and democratization, and of the negative … relationship between inequality and democratization. Furthermore, we obtain new insights on the resources-curse hypothesis and on …
Persistent link: https://www.econbiz.de/10011587539
This paper analyses the impact of the fear of losing social status (la peur du déclassement) on the levels of democratisation and economic growth. In a formal model where education makes an individual's vote count and generates positive externalities for all agents in the economy, I examine the...
Persistent link: https://www.econbiz.de/10012915858
The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … explanation of the positive relationship between economic development, education, and democratization, and of the negative … relationship between inequality and democratization. Furthermore, we obtain new insights on the resources-curse hypothesis and on …
Persistent link: https://www.econbiz.de/10012963389
This paper aims at analysing the effect of democratic institutions on environmental quality (carbon dioxide per capita, sulfure dioxide per capita) and at identifying potential channel transmissions. We use panel data from 1960 to 2008 in 122 developing and developed countries and modern...
Persistent link: https://www.econbiz.de/10013001667