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This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …
Persistent link: https://www.econbiz.de/10011558534
The present paper assesses the interactions between innovation and economic institutions within the context of the … innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be … influenced by level of innovations. This indicates that while institutions and innovations can be inequality-inducing, their …
Persistent link: https://www.econbiz.de/10014434530
This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078
There is a consensus among scholars that institutions (i.e. norms and regulations) are country specific. The paper aims … to contribute to the debate by examining the type of institutions which have been the most important for growth in … classical growth factors such as investment and export turn out to be more important for growth than institutions. …
Persistent link: https://www.econbiz.de/10011524879
In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who become entrepreneurs by limiting the downside...
Persistent link: https://www.econbiz.de/10013161870
phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and … which a positive change of a country's economic institutions can attract inflows of physical capital from abroad, leading to … institutions can lead to substantial divergence in income over time. We derive conditions under which a country receives inflows of …
Persistent link: https://www.econbiz.de/10012696550
Several recent studies have found a negative relation between government size and economic growth in rich countries. Since countries with big government have experienced above average improvements in both the Economic freedom index and the KOF globalization index, we argue that existing studies...
Persistent link: https://www.econbiz.de/10014202455
institutions of the preferred legal tradition. But if they have mistaken views, as Dam indicates they might, as to what the legal … traditions' institutions really are and which types of laws really are effective, or what is really most important to financial …
Persistent link: https://www.econbiz.de/10013039325
the interdependencies of institutions of different types and spatial scales. It aims at developing a conceptual framework … institutional change and economic evolution in regions. The paper offers a review on how institutions have been conceptualised in … interdependencies between different types of institutions for institutional change as well as economic outcomes. The concept of …
Persistent link: https://www.econbiz.de/10011487791
(proxied by individual values) interacts with the stickiest formal institutions in development, which leads to a very special …-togetherness" of values and institutions. Besides establishing that both values and sticky formal institutions are strong determinants … of long-run income, I find that the "stuck-togetherness" of values and institutions acts as a separate factor in …
Persistent link: https://www.econbiz.de/10012259724