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According to economic theory, the clear definition of property rights is essential for well-functioning markets. Comparatively little attention, however, is given to explaining the development of these rights. Economic reasoning suggests that markets themselves call property rights into...
Persistent link: https://www.econbiz.de/10014101079
market players fervently hoped for a bigger market. The regulatory competition between the US and the EU is more replica of …
Persistent link: https://www.econbiz.de/10014218900
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
funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the …
Persistent link: https://www.econbiz.de/10011925841
entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high …
Persistent link: https://www.econbiz.de/10011977827
to initiate adequate investment incentives.Using a two-equation estimation approach, a direct competition effect (more … service competition increases the supply of infrastructure) can be disentangled from an indirect effect (more service … competition increases the demand for infrastructure quality and, as a consequence, increases the supply of infrastructure). While …
Persistent link: https://www.econbiz.de/10013135021
policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …
Persistent link: https://www.econbiz.de/10012840222
The present article analyses the impact of government instability, internal tensions, and political competition on … growth. Also, the political competition index affirmatively and significantly impacts economic growth …
Persistent link: https://www.econbiz.de/10014237109
This paper advances a dynamic rationale for competitiveness policy that focuses on an economy's ability to evolve in order to achieve high real incomes along with desired qualitative changes in the socio-economic system. It highlights that the ubiquitous 'rationalities of failure,' either of...
Persistent link: https://www.econbiz.de/10014321507
This paper advances a dynamic rationale for competitiveness policy that focuses on an economy's ability to evolve in order to achieve high real incomes along with desired qualitative changes in the socio-economic system. It highlights that the ubiquitous rationalities of failure, either of...
Persistent link: https://www.econbiz.de/10014343953