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The literature has identified that countries with higher levels of openness tend to present a larger government sector … between openness and the size of government might be mediated by the quality of its public sector. While countries with weak … government capabilities will tend to rely on spending expansions to deal with trade-induced volatility, countries with stronger …
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Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms - for...
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Scholars agree that societal-level moral codes that promote social trust also promote wealth creation. However, what … specific kinds of societal-level moral codes promote social trust? Also, by what specific kind of competitive process does … social trust promote wealth creation? Because societal-level moral codes are composed of or formed from peoples’ personal …
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negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries …
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government. We use dynamic models and the Generalized Method of Moments (GMM) approach for a panel of 48 countries, from 2012 to … less from reducing corruption. Furthermore, developing economies, regardless of government size, benefit less from reducing … corruption, while government size is not sufficient to explain the influence of corruption on economic activity, although the …
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